Innovator Equity Managed Floor ETF (NYSEARCA:SFLR – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 216,442 shares, a decline of 42.5% from the June 30th total of 376,488 shares. Based on an average daily volume of 251,664 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the company’s stock are short sold.
Innovator Equity Managed Floor ETF Stock Performance
Shares of NYSEARCA:SFLR traded up $0.40 during midday trading on Thursday, reaching $38.20. 232,433 shares of the company’s stock traded hands, compared to its average volume of 312,470. Innovator Equity Managed Floor ETF has a one year low of $33.49 and a one year high of $40.12. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 26.45 and a beta of 0.69. The stock has a 50 day moving average of $38.48 and a 200 day moving average of $37.32.
Hedge Funds Weigh In On Innovator Equity Managed Floor ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in shares of 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 worth $665,000 after acquiring an additional 13,997 shares during the period. NewEdge Advisors LLC lifted its position in Innovator Equity Managed Floor ETF by 93.3% during the second quarter. NewEdge Advisors LLC now owns 278,721 shares of the company’s stock valued at $9,357,000 after purchasing an additional 134,521 shares during the period. Quantinno Capital Management LP boosted its holdings in Innovator Equity Managed Floor ETF by 3.8% in the second quarter. Quantinno Capital Management LP now owns 13,263 shares of the company’s stock worth $445,000 after purchasing an additional 486 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Innovator Equity Managed Floor ETF in the second quarter worth approximately $2,524,000. Finally, Bank of America Corp DE purchased a new stake in Innovator Equity Managed Floor ETF in the second quarter worth approximately $1,219,000.
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.
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