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

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 49,359 shares, a drop of 77.2% from the July 15th total of 216,442 shares. Based on an average daily volume of 203,785 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Innovator Equity Managed Floor ETF

Several institutional investors have recently modified their holdings of SFLR. Gilpin Wealth Management LLC acquired a new stake in shares of Innovator Equity Managed Floor ETF in the 4th quarter worth approximately $91,000. Physician Wealth Advisors Inc. purchased a new stake in Innovator Equity Managed Floor ETF during the first quarter worth $96,000. Royal Bank of Canada acquired a new stake in Innovator Equity Managed Floor ETF in the first quarter valued at $104,000. Fifth Third Bancorp acquired a new stake in Innovator Equity Managed Floor ETF in the first quarter valued at $137,000. Finally, Sound Income Strategies LLC purchased a new position in shares of Innovator Equity Managed Floor ETF in the first quarter valued at $146,000.

Innovator Equity Managed Floor ETF Stock Performance

SFLR stock traded up $0.29 during trading on Thursday, reaching $39.25. 197,439 shares of the company were exchanged, compared to its average volume of 303,685. The stock’s 50 day moving average price is $38.51 and its 200 day moving average price is $37.44. Innovator Equity Managed Floor ETF has a 52-week low of $34.46 and a 52-week high of $40.12. The company has a market cap of $2.17 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.