Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Sees Large Decline in Short Interest

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 21,321 shares, a drop of 56.8% from the July 30th total of 49,359 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 178,623 shares, the short-interest ratio is currently 0.1 days.

Innovator Equity Managed Floor ETF Stock Down 0.2%

Shares of NYSEARCA:SFLR traded down $0.06 during trading on Friday, hitting $39.00. 195,166 shares of the company were exchanged, compared to its average volume of 296,582. Innovator Equity Managed Floor ETF has a 1-year low of $34.66 and a 1-year high of $40.12. The company has a market capitalization of $2.15 billion, a P/E ratio of 26.45 and a beta of 0.69. The business’s 50 day moving average is $38.65 and its 200-day moving average is $37.60.

Hedge Funds Weigh In On Innovator Equity Managed Floor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of Innovator Equity Managed Floor ETF by 10,697.3% during 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 increased its stake in shares of Innovator Equity Managed Floor ETF by 3,459.4% in the second quarter. Atticus Wealth Management LLC now owns 644,710 shares of the company’s stock valued at $24,873,000 after buying an additional 626,597 shares during the period. LPL Financial LLC increased its stake in shares of Innovator Equity Managed Floor ETF by 16.5% in the fourth quarter. LPL Financial LLC now owns 4,257,434 shares of the company’s stock valued at $156,929,000 after buying an additional 601,796 shares during the period. Liberty Atlantic Advisors LLC bought a new position in Innovator Equity Managed Floor ETF in the 4th quarter valued at approximately $20,483,000. Finally, Advisory Services Network LLC raised its holdings in Innovator Equity Managed Floor ETF by 2,450.4% in the 4th quarter. Advisory Services Network LLC now owns 273,117 shares of the company’s stock valued at $10,067,000 after buying an additional 262,408 shares during the last quarter.

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.