Short Interest in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Declines By 59.4%

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 86,459 shares, a decrease of 59.4% from the April 15th total of 213,108 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 169,697 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Innovator Equity Managed Floor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its stake in Innovator Equity Managed Floor ETF by 33.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,640 shares of the company’s stock valued at $59,000 after buying an additional 411 shares during the period. Gilpin Wealth Management LLC acquired a new position in Innovator Equity Managed Floor ETF during the 4th quarter valued at about $91,000. Physician Wealth Advisors Inc. acquired a new position in Innovator Equity Managed Floor ETF during the 1st quarter valued at about $96,000. Fifth Third Bancorp acquired a new position in Innovator Equity Managed Floor ETF during the 1st quarter valued at about $137,000. Finally, Sound Income Strategies LLC acquired a new position in Innovator Equity Managed Floor ETF during the 1st quarter valued at about $146,000.

Innovator Equity Managed Floor ETF Stock Performance

Shares of Innovator Equity Managed Floor ETF stock traded down $0.20 during trading on Friday, hitting $37.89. 227,402 shares of the stock were exchanged, compared to its average volume of 285,265. The stock’s fifty day moving average is $36.42 and its 200 day moving average is $36.66. The stock has a market cap of $1.69 billion, a PE ratio of 26.45 and a beta of 0.67. Innovator Equity Managed Floor ETF has a 12 month low of $31.82 and a 12 month high of $38.13.

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.