Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) Short Interest Update

Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 60,419 shares, an increase of 107.5% from the August 15th total of 29,111 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily volume of 12,465 shares, the days-to-cover ratio is presently 4.8 days.

Institutional Trading of Innovator U.S. Small Cap Managed Floor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. WorthPointe LLC grew its position in shares of Innovator U.S. Small Cap Managed Floor ETF by 11.3% in the 2nd quarter. WorthPointe LLC now owns 19,680 shares of the company’s stock worth $645,000 after buying an additional 2,004 shares during the period. Beacon Financial Strategies CORP purchased a new position in Innovator U.S. Small Cap Managed Floor ETF during the 2nd quarter valued at about $233,000. Winnow Wealth LLC boosted its stake in Innovator U.S. Small Cap Managed Floor ETF by 1.7% during the first quarter. Winnow Wealth LLC now owns 116,966 shares of the company’s stock worth $3,396,000 after acquiring an additional 1,985 shares in the last quarter. Independent Financial Group LLC bought a new stake in Innovator U.S. Small Cap Managed Floor ETF during the first quarter worth about $4,088,000. Finally, Sound Income Strategies LLC purchased a new stake in Innovator U.S. Small Cap Managed Floor ETF in the first quarter worth about $47,000.

Innovator U.S. Small Cap Managed Floor ETF Stock Performance

Shares of NYSEARCA RFLR traded down $0.20 during mid-day trading on Tuesday, hitting $31.84. 3,956 shares of the stock traded hands, compared to its average volume of 16,178. The company has a market cap of $95.49 million, a price-to-earnings ratio of 15.96 and a beta of 0.59. The stock has a fifty day moving average price of $32.70 and a 200-day moving average price of $31.13. Innovator U.S. Small Cap Managed Floor ETF has a 52 week low of $26.70 and a 52 week high of $35.17.

Innovator U.S. Small Cap Managed Floor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.0477 per share. This is an increase from Innovator U.S. Small Cap Managed Floor ETF’s previous quarterly dividend of $0.03. This represents a $0.19 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th.

About Innovator U.S. Small Cap Managed Floor ETF

The Innovator U.S. Small Cap Managed Floor ETF (RFLR) is an exchange-traded fund that mostly invests in small-cap stocks. The fund aims to participate in 70% of upside appreciation of US small-cap stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered three-month expiration dates to target a maximum loss of approximately 8-12% on a rolling 12-month basis. RFLR was launched on Sep 17, 2024 and is issued by Innovator.