Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR – Get Free Report) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 10,217 shares, a growth of 160.9% from the October 15th total of 3,916 shares. Based on an average daily volume of 11,781 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company’s stock are sold short.
Innovator U.S. Small Cap Managed Floor ETF Stock Down 0.8%
Shares of RFLR traded down $0.26 during trading on Friday, reaching $31.58. The company’s stock had a trading volume of 3,294 shares, compared to its average volume of 15,259. The company has a market cap of $94.74 million, a price-to-earnings ratio of 15.28 and a beta of 0.60. The company has a fifty day moving average of $31.74 and a two-hundred day moving average of $31.08. Innovator U.S. Small Cap Managed Floor ETF has a twelve month low of $26.70 and a twelve month high of $35.17.
Innovator U.S. Small Cap Managed Floor ETF Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were paid a $0.0657 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Innovator U.S. Small Cap Managed Floor ETF’s previous quarterly dividend of $0.0477. The ex-dividend date was Wednesday, September 30th.
Institutional Trading of Innovator U.S. Small Cap Managed Floor ETF
Several institutional investors have recently added to or reduced their stakes in RFLR. Harbour Investments Inc. bought a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF in the 3rd quarter worth about $272,000. Commonwealth Equity Services LLC acquired a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF in the 3rd quarter valued at about $952,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF in the 3rd quarter valued at about $296,000. Signaturefd LLC bought a new position in shares of Innovator U.S. Small Cap Managed Floor ETF during the third quarter worth about $1,183,000. Finally, Brookstone Capital Management bought a new position in shares of Innovator U.S. Small Cap Managed Floor ETF during the third quarter worth about $1,531,000.
About Innovator U.S. Small Cap Managed Floor ETF
The Innovator U.S. Small Cap Managed Floor ETF (RFLR) is an exchange-traded fund that mostly invests in small-cap stocks. The fund aims to participate in 70% of upside appreciation of US small-cap stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered three-month expiration dates to target a maximum loss of approximately 8-12% on a rolling 12-month basis. RFLR was launched on Sep 17, 2024 and is issued by Innovator.
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