Short Interest in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Decreases By 77.2%

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 49,359 shares, a drop of 77.2% from the July 15th total of 216,442 shares. Based on an average daily trading volume, of 203,785 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Innovator Equity Managed Floor ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Innovator Equity Managed Floor ETF by 1.2% in the first quarter. Bank of America Corp DE now owns 5,920,303 shares of the company’s stock valued at $209,638,000 after purchasing an additional 71,504 shares during the period. LPL Financial LLC boosted its holdings in shares of Innovator Equity Managed Floor ETF by 16.5% during the 4th quarter. LPL Financial LLC now owns 4,257,434 shares of the company’s stock worth $156,929,000 after buying an additional 601,796 shares during the period. Commonwealth Equity Services LLC grew its stake in Innovator Equity Managed Floor ETF by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,928,409 shares of the company’s stock valued at $71,081,000 after buying an additional 119,487 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in Innovator Equity Managed Floor ETF by 7.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,886,697 shares of the company’s stock valued at $69,544,000 after buying an additional 126,292 shares during the last quarter. Finally, Liberty Atlantic Advisors LLC bought a new position in Innovator Equity Managed Floor ETF in the 4th quarter valued at about $20,483,000.

Innovator Equity Managed Floor ETF Stock Up 0.3%

Shares of NYSEARCA SFLR traded up $0.12 during midday trading on Friday, hitting $39.37. 192,624 shares of the company’s stock were exchanged, compared to its average volume of 302,969. The firm has a market capitalization of $2.17 billion, a PE ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a 12 month low of $34.46 and a 12 month high of $40.12. The company’s 50 day moving average price is $38.54 and its 200 day moving average price is $37.47.

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.