Short Interest in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Decreases By 77.2%

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 49,359 shares, a decline of 77.2% from the July 15th total of 216,442 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 203,785 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SFLR. Farther Finance Advisors LLC grew its position in shares of Innovator Equity Managed Floor ETF by 21.0% during the fourth quarter. Farther Finance Advisors LLC now owns 165,139 shares of the company’s stock valued at $6,087,000 after purchasing an additional 28,677 shares in the last quarter. WorthPointe LLC lifted its position in shares of Innovator Equity Managed Floor ETF by 99.5% in the fourth quarter. WorthPointe LLC now owns 49,608 shares of the company’s stock worth $1,829,000 after buying an additional 24,738 shares in the last quarter. Wetzel Investment Advisors Inc. boosted its stake in Innovator Equity Managed Floor ETF by 12.1% during the first quarter. Wetzel Investment Advisors Inc. now owns 489,437 shares of the company’s stock valued at $17,346,000 after buying an additional 52,953 shares during the last quarter. COFG Advisors LLC bought a new position in Innovator Equity Managed Floor ETF during the fourth quarter valued at approximately $4,899,000. Finally, Thrivent Financial for Lutherans grew its holdings in Innovator Equity Managed Floor ETF by 76.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 212,824 shares of the company’s stock valued at $7,873,000 after buying an additional 92,231 shares in the last quarter.

Innovator Equity Managed Floor ETF Trading Up 0.3%

Innovator Equity Managed Floor ETF stock traded up $0.12 during midday trading on Friday, hitting $39.37. The stock had a trading volume of 192,624 shares, compared to its average volume of 302,969. The firm’s fifty day moving average is $38.54 and its two-hundred day moving average is $37.47. The company has a market capitalization of $2.17 billion, a PE ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a 52-week low of $34.46 and a 52-week high of $40.12.

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.