Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Sees Significant Decrease in Short Interest

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 169,172 shares, a decline of 55.7% from the September 30th total of 382,007 shares. Based on an average trading volume of 223,448 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Innovator Equity Managed Floor ETF

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in Innovator Equity Managed Floor ETF by 1.2% in the 1st quarter. Bank of America Corp DE now owns 5,920,303 shares of the company’s stock valued at $209,638,000 after acquiring an additional 71,504 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Innovator Equity Managed Floor ETF by 766.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,914,894 shares of the company’s stock worth $189,617,000 after purchasing an additional 4,347,835 shares during the last quarter. Americana Partners LLC grew its stake in shares of Innovator Equity Managed Floor ETF by 4.0% in the 3rd quarter. Americana Partners LLC now owns 3,611,414 shares of the company’s stock worth $140,665,000 after purchasing an additional 139,813 shares during the last quarter. Brookstone Capital Management bought a new stake in shares of Innovator Equity Managed Floor ETF in the 3rd quarter worth approximately $31,427,000. Finally, Liberty Atlantic Advisors LLC raised its holdings in shares of Innovator Equity Managed Floor ETF by 10.3% in the 3rd quarter. Liberty Atlantic Advisors LLC now owns 752,483 shares of the company’s stock worth $29,324,000 after purchasing an additional 69,986 shares in the last quarter.

Innovator Equity Managed Floor ETF Price Performance

Shares of SFLR traded down $0.71 during trading hours on Friday, reaching $38.75. 276,711 shares of the company’s stock traded hands, compared to its average volume of 284,669. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a twelve month low of $34.69 and a twelve month high of $40.41. The business’s fifty day simple moving average is $39.16 and its two-hundred day simple moving average is $37.90.

Innovator Equity Managed Floor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were given a $0.0195 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.08 dividend on an annualized basis and a yield of 0.2%. This is a drop from Innovator Equity Managed Floor ETF’s previous quarterly dividend of $0.0227.

About Innovator Equity Managed Floor ETF

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.