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

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 382,007 shares, a growth of 147.0% from the September 15th total of 154,690 shares. Based on an average trading volume of 273,812 shares, the short-interest ratio is presently 1.4 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Investors Weigh In On Innovator Equity Managed Floor ETF

Several institutional investors have recently made changes to their positions in SFLR. Liberty Atlantic Advisors LLC boosted its stake in shares of Innovator Equity Managed Floor ETF by 10.3% in the third quarter. Liberty Atlantic Advisors LLC now owns 752,483 shares of the company’s stock valued at $29,324,000 after buying an additional 69,986 shares during the period. XY Planning Network Inc. increased its stake in Innovator Equity Managed Floor ETF by 121.2% during the 3rd quarter. XY Planning Network Inc. now owns 20,667 shares of the company’s stock worth $805,000 after acquiring an additional 11,324 shares during the period. Wetzel Investment Advisors Inc. raised its holdings in Innovator Equity Managed Floor ETF by 2.7% in the 3rd quarter. Wetzel Investment Advisors Inc. now owns 648,515 shares of the company’s stock valued at $25,272,000 after acquiring an additional 17,331 shares in the last quarter. Signal Advisors Wealth LLC raised its holdings in Innovator Equity Managed Floor ETF by 24.4% in the 3rd quarter. Signal Advisors Wealth LLC now owns 128,349 shares of the company’s stock valued at $4,999,000 after acquiring an additional 25,151 shares in the last quarter. Finally, Ifrah Financial Services Inc. acquired a new position in Innovator Equity Managed Floor ETF in the 3rd quarter valued at $899,000.

Innovator Equity Managed Floor ETF Price Performance

Innovator Equity Managed Floor ETF stock traded down $0.19 during midday trading on Wednesday, hitting $39.45. The company’s stock had a trading volume of 153,975 shares, compared to its average volume of 285,734. Innovator Equity Managed Floor ETF has a 1-year low of $34.69 and a 1-year high of $40.41. The company has a 50-day moving average price of $39.09 and a two-hundred day moving average price of $38.21. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 26.45 and a beta of 0.69.

Innovator Equity Managed Floor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.0195 per share. This is a drop from Innovator Equity Managed Floor ETF’s previous quarterly dividend of $0.0227. This represents a $0.08 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 30th.

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.