Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Sees Significant Decrease in Short Interest

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 216,442 shares, a decrease of 42.5% from the June 30th total of 376,488 shares. Based on an average daily trading volume, of 251,664 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Trading of Innovator Equity Managed Floor ETF

Several institutional investors have recently modified their holdings of SFLR. William Mack & Associates Inc. acquired a new position in Innovator Equity Managed Floor ETF during the 2nd quarter worth about $505,000. Financial Designs Corp bought a new position in shares of Innovator Equity Managed Floor ETF during the second quarter worth about $263,000. Beacon Financial Strategies CORP bought a new position in shares of Innovator Equity Managed Floor ETF during the second quarter worth about $540,000. CGN Advisors LLC lifted its stake in shares of Innovator Equity Managed Floor ETF by 20.2% in the second quarter. CGN Advisors LLC now owns 37,791 shares of the company’s stock worth $1,458,000 after acquiring an additional 6,362 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in Innovator Equity Managed Floor ETF by 34.6% in the second quarter. CoreCap Advisors LLC now owns 17,608 shares of the company’s stock valued at $679,000 after acquiring an additional 4,527 shares during the last quarter.

Innovator Equity Managed Floor ETF Price Performance

NYSEARCA SFLR traded down $0.23 during trading hours on Wednesday, reaching $37.97. The company’s stock had a trading volume of 46,998 shares, compared to its average volume of 312,479. Innovator Equity Managed Floor ETF has a 52 week low of $33.49 and a 52 week high of $40.12. The firm has a fifty day simple moving average of $38.48 and a 200-day simple moving average of $37.32. The stock has a market cap of $2.09 billion, a P/E 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.