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

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the target of a large decline in short interest in 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 daily trading volume, of 223,448 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.

Innovator Equity Managed Floor ETF Trading Down 1.8%

Shares of NYSEARCA:SFLR traded down $0.71 during trading on Friday, reaching $38.75. The company had a trading volume of 276,711 shares, compared to its average volume of 284,669. The company has a fifty day moving average of $39.16 and a two-hundred day moving average of $37.90. The stock has a market capitalization of $2.23 billion, a P/E ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a 12 month low of $34.69 and a 12 month high of $40.41.

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. This represents a $0.08 annualized dividend and a yield of 0.2%. This is a drop from Innovator Equity Managed Floor ETF’s previous quarterly dividend of $0.0227. The ex-dividend date was Wednesday, September 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in Innovator Equity Managed Floor ETF during the 3rd quarter worth approximately $555,000. Chicago Partners Investment Group LLC purchased a new position in Innovator Equity Managed Floor ETF in the 3rd quarter worth approximately $39,261,000. Virtue Capital Management LLC increased its stake in Innovator Equity Managed Floor ETF by 407.9% in the 3rd quarter. Virtue Capital Management LLC now owns 122,043 shares of the company’s stock worth $4,754,000 after purchasing an additional 98,012 shares during the period. Vise Technologies Inc. bought a new stake in Innovator Equity Managed Floor ETF in the third quarter valued at approximately $1,285,000. Finally, Intrua Financial LLC lifted its position in Innovator Equity Managed Floor ETF by 0.7% in the third quarter. Intrua Financial LLC now owns 106,054 shares of the company’s stock valued at $4,131,000 after purchasing an additional 704 shares during the last quarter.

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.