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 increase in short interest in the month of May. As of May 29th, there was short interest totaling 198,336 shares, an increase of 115.7% from the May 14th total of 91,934 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 926,125 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Innovator Equity Managed Floor ETF

Several institutional investors have recently modified their holdings of SFLR. Bank of America Corp DE lifted its holdings in shares of Innovator Equity Managed Floor ETF by 10,697.3% in the third quarter. Bank of America Corp DE now owns 3,919,960 shares of the company’s stock valued at $141,236,000 after buying an additional 3,883,655 shares during the period. LPL Financial LLC lifted its holdings in shares of Innovator Equity Managed Floor ETF by 16.5% during the fourth quarter. LPL Financial LLC now owns 4,257,434 shares of the company’s stock valued at $156,929,000 after purchasing an additional 601,796 shares during the last quarter. Liberty Atlantic Advisors LLC purchased a new stake in shares of Innovator Equity Managed Floor ETF during the fourth quarter valued at $20,483,000. Advisory Services Network LLC lifted its holdings in shares of Innovator Equity Managed Floor ETF by 2,450.4% during the fourth quarter. Advisory Services Network LLC now owns 273,117 shares of the company’s stock valued at $10,067,000 after purchasing an additional 262,408 shares during the last quarter. Finally, Americana Partners LLC purchased a new stake in shares of Innovator Equity Managed Floor ETF during the fourth quarter valued at $9,596,000.

Innovator Equity Managed Floor ETF Price Performance

Shares of Innovator Equity Managed Floor ETF stock traded up $0.13 during trading on Friday, hitting $38.24. The stock had a trading volume of 158,996 shares, compared to its average volume of 336,228. The firm has a market cap of $1.71 billion, a P/E ratio of 26.45 and a beta of 0.68. The business has a fifty day moving average of $37.42 and a two-hundred day moving average of $36.94. Innovator Equity Managed Floor ETF has a fifty-two week low of $32.74 and a fifty-two week high of $39.64.

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.