Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) Sees Large Increase in Short Interest

Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 46,051 shares, an increase of 166.1% from the December 31st total of 17,309 shares. Based on an average daily volume of 33,200 shares, the days-to-cover ratio is presently 1.4 days. Currently, 2.6% of the company’s stock are short sold. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 33,200 shares, the days-to-cover ratio is presently 1.4 days.

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

Shares of Innovator U.S. Small Cap Managed Floor ETF stock traded down $0.21 during trading hours on Friday, reaching $29.32. The company’s stock had a trading volume of 4,700 shares, compared to its average volume of 25,685. Innovator U.S. Small Cap Managed Floor ETF has a one year low of $23.03 and a one year high of $33.43. The stock’s fifty day simple moving average is $28.96 and its two-hundred day simple moving average is $27.84. The company has a market capitalization of $52.78 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 announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 31st were given a $0.0626 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, December 31st. This is a boost from Innovator U.S. Small Cap Managed Floor ETF’s previous quarterly dividend of $0.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Winnow Wealth LLC bought a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF in the 3rd quarter valued at about $2,472,000. Harbour Investments Inc. lifted its position in Innovator U.S. Small Cap Managed Floor ETF by 299.9% in the second quarter. Harbour Investments Inc. now owns 41,105 shares of the company’s stock valued at $1,036,000 after purchasing an additional 30,825 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF during the second quarter valued at approximately $617,000. Jane Street Group LLC bought a new position in shares of Innovator U.S. Small Cap Managed Floor ETF in the second quarter worth approximately $550,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Innovator U.S. Small Cap Managed Floor ETF in the fourth quarter worth $450,000.

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.