Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Short Interest Down 56.8% in August

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 21,321 shares, a drop of 56.8% from the July 30th total of 49,359 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 178,623 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Innovator Equity Managed Floor ETF

Large investors have recently bought and sold shares of the business. Jane Street Group LLC grew its position in Innovator Equity Managed Floor ETF by 194.5% in the first quarter. Jane Street Group LLC now owns 21,193 shares of the company’s stock valued at $665,000 after acquiring an additional 13,997 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Innovator Equity Managed Floor ETF by 93.3% in the second quarter. NewEdge Advisors LLC now owns 278,721 shares of the company’s stock worth $9,357,000 after acquiring an additional 134,521 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Innovator Equity Managed Floor ETF by 3.8% in the 2nd quarter. Quantinno Capital Management LP now owns 13,263 shares of the company’s stock valued at $445,000 after purchasing an additional 486 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Innovator Equity Managed Floor ETF in the 2nd quarter valued at approximately $2,524,000. Finally, Bank of America Corp DE bought a new stake in shares of Innovator Equity Managed Floor ETF during the 2nd quarter valued at approximately $1,219,000.

Innovator Equity Managed Floor ETF Price Performance

SFLR traded down $0.06 during trading on Friday, hitting $39.00. 195,166 shares of the stock traded hands, compared to its average volume of 296,582. The business has a 50 day moving average price of $38.65 and a 200 day moving average price of $37.60. Innovator Equity Managed Floor ETF has a twelve month low of $34.66 and a twelve month high of $40.12. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 26.45 and a beta of 0.69.

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.