Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) Short Interest Update

Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 17,309 shares, a growth of 596.0% from the December 15th total of 2,487 shares. Based on an average trading volume of 6,944 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.2% of the shares of the stock are short sold. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 6,944 shares, the days-to-cover ratio is currently 2.5 days.

Hedge Funds Weigh In On Innovator U.S. Small Cap Managed Floor ETF

Hedge funds have recently modified their holdings of the stock. Signal Advisors Wealth LLC lifted its holdings in shares of Innovator U.S. Small Cap Managed Floor ETF by 6.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 18,550 shares of the company’s stock valued at $528,000 after purchasing an additional 1,092 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in Innovator U.S. Small Cap Managed Floor ETF during the 3rd quarter worth about $44,000. Triumph Capital Management purchased a new stake in Innovator U.S. Small Cap Managed Floor ETF during the third quarter valued at about $72,000. Envestnet Asset Management Inc. lifted its stake in Innovator U.S. Small Cap Managed Floor ETF by 13.7% during the third quarter. Envestnet Asset Management Inc. now owns 27,854 shares of the company’s stock valued at $773,000 after buying an additional 3,357 shares in the last quarter. Finally, Sentinus LLC boosted its holdings in shares of Innovator U.S. Small Cap Managed Floor ETF by 90.2% in the second quarter. Sentinus LLC now owns 16,672 shares of the company’s stock worth $420,000 after buying an additional 7,906 shares during the period.

Innovator U.S. Small Cap Managed Floor ETF Price Performance

Shares of RFLR opened at $29.29 on Tuesday. The firm’s 50 day moving average is $28.45 and its 200-day moving average is $27.48. Innovator U.S. Small Cap Managed Floor ETF has a 12-month low of $23.03 and a 12-month high of $33.43. The stock has a market capitalization of $42.47 million, a P/E ratio of 15.96 and a beta of 1.29.

Innovator U.S. Small Cap Managed Floor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Wednesday, December 31st were given a $0.0626 dividend. This represents a $0.25 annualized dividend and a yield of 0.9%. This is a positive change from Innovator U.S. Small Cap Managed Floor ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, December 31st.

Innovator U.S. Small Cap Managed Floor ETF Company Profile

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.