Innovator Equity Managed Floor ETF (NYSEARCA:SFLR – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 169,172 shares, a drop of 55.7% from the September 30th total of 382,007 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 223,448 shares, the days-to-cover ratio is presently 0.8 days.
Innovator Equity Managed Floor ETF Trading Down 1.8%
Shares of NYSEARCA:SFLR traded down $0.71 during trading on Friday, hitting $38.75. 276,711 shares of the company were exchanged, compared to its average volume of 284,669. Innovator Equity Managed Floor ETF has a fifty-two week low of $34.69 and a fifty-two week high of $40.41. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 26.45 and a beta of 0.69. The firm has a fifty day moving average price of $39.16 and a two-hundred day moving average price of $37.90.
Innovator Equity Managed Floor ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were issued a dividend of $0.0195 per share. The ex-dividend date was Wednesday, September 30th. This is a negative change from Innovator Equity Managed Floor ETF’s previous quarterly dividend of $0.0227. This represents a $0.08 dividend on an annualized basis and a yield of 0.2%.
Institutional Trading of Innovator Equity Managed Floor ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in SFLR. Integrated Wealth Concepts LLC grew its position in shares of Innovator Equity Managed Floor ETF by 328.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 146,701 shares of the company’s stock valued at $5,660,000 after acquiring an additional 112,450 shares during the period. Valmark Advisers Inc. increased its stake in shares of Innovator Equity Managed Floor ETF by 532.8% during the 1st quarter. Valmark Advisers Inc. now owns 39,709 shares of the company’s stock worth $1,406,000 after purchasing an additional 33,434 shares during the last quarter. Collaborative Wealth Managment Inc. acquired a new position in shares of Innovator Equity Managed Floor ETF during the 1st quarter worth about $2,039,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Innovator Equity Managed Floor ETF in the 1st quarter valued at about $1,105,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of Innovator Equity Managed Floor ETF by 12.3% in the 1st quarter. Kestra Advisory Services LLC now owns 186,753 shares of the company’s stock valued at $6,613,000 after purchasing an additional 20,382 shares during the period.
Innovator Equity Managed Floor ETF Company Profile
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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