Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Short Interest Up 570.7% in August

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 143,006 shares, a growth of 570.7% from the August 15th total of 21,321 shares. Based on an average daily volume of 198,757 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Innovator Equity Managed Floor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of Innovator Equity Managed Floor ETF by 10,697.3% in the third quarter. Bank of America Corp DE now owns 3,919,960 shares of the company’s stock valued at $141,236,000 after purchasing an additional 3,883,655 shares in the last quarter. Atticus Wealth Management LLC raised its stake in Innovator Equity Managed Floor ETF by 3,459.4% during the second quarter. Atticus Wealth Management LLC now owns 644,710 shares of the company’s stock valued at $24,873,000 after purchasing an additional 626,597 shares in the last quarter. LPL Financial LLC raised its stake in Innovator Equity Managed Floor ETF by 16.5% during the fourth quarter. LPL Financial LLC now owns 4,257,434 shares of the company’s stock valued at $156,929,000 after purchasing an additional 601,796 shares in the last quarter. Advisory Services Network LLC lifted its position in Innovator Equity Managed Floor ETF by 2,450.4% during the fourth quarter. Advisory Services Network LLC now owns 273,117 shares of the company’s stock valued at $10,067,000 after purchasing an additional 262,408 shares during the last quarter. Finally, Americana Partners LLC bought a new position in Innovator Equity Managed Floor ETF during the fourth quarter valued at $9,596,000.

Innovator Equity Managed Floor ETF Price Performance

Innovator Equity Managed Floor ETF stock opened at $38.60 on Friday. The stock has a market cap of $2.13 billion, a P/E ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a 1 year low of $34.69 and a 1 year high of $40.12. The firm’s 50 day moving average price is $38.76 and its 200-day moving average price is $37.74.

Innovator Equity Managed Floor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were paid a dividend of $0.0227 per share. This represents a $0.09 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 30th.

Innovator Equity Managed Floor ETF Company Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.