Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 21,080 shares, a decrease of 41.8% from the July 15th total of 36,227 shares. Based on an average daily trading volume, of 11,053 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.7% of the company’s shares are short sold.
Hedge Funds Weigh In On Innovator U.S. Small Cap Managed Floor ETF
A number of large investors have recently bought and sold shares of the stock. Sound Income Strategies LLC purchased a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF during the 1st quarter valued at $47,000. Triumph Capital Management purchased a new position in shares of Innovator U.S. Small Cap Managed Floor ETF in the 3rd quarter worth $72,000. Brookstone Capital Management acquired a new position in Innovator U.S. Small Cap Managed Floor ETF in the first quarter valued at $220,000. Beacon Financial Strategies CORP purchased a new stake in Innovator U.S. Small Cap Managed Floor ETF during the second quarter valued at about $233,000. Finally, COFG Advisors LLC purchased a new stake in Innovator U.S. Small Cap Managed Floor ETF during the fourth quarter valued at about $328,000.
Innovator U.S. Small Cap Managed Floor ETF Trading Up 0.6%
RFLR traded up $0.20 during midday trading on Wednesday, hitting $33.36. The company’s stock had a trading volume of 1,436 shares, compared to its average volume of 16,730. The firm has a market cap of $95.08 million, a P/E ratio of 15.96 and a beta of 0.60. The firm has a 50-day moving average price of $32.44 and a two-hundred day moving average price of $30.72. Innovator U.S. Small Cap Managed Floor ETF has a 52-week low of $26.25 and a 52-week high of $34.17.
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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