Innovator Equity Managed Floor ETF (NYSEARCA:SFLR – Get Free Report) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 86,459 shares, a decline of 59.4% from the April 15th total of 213,108 shares. Based on an average trading volume of 169,697 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.
Innovator Equity Managed Floor ETF Stock Down 0.5%
Shares of SFLR traded down $0.20 during mid-day trading on Friday, hitting $37.89. 227,402 shares of the company traded hands, compared to its average volume of 285,265. The company has a market capitalization of $1.69 billion, a PE ratio of 26.45 and a beta of 0.67. The business has a 50 day moving average of $36.42 and a 200 day moving average of $36.66. Innovator Equity Managed Floor ETF has a 1-year low of $31.82 and a 1-year high of $38.13.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP grew its holdings in shares of Innovator Equity Managed Floor ETF by 178.8% during the first quarter. Quantinno Capital Management LP now owns 43,860 shares of the company’s stock valued at $1,553,000 after buying an additional 28,126 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in Innovator Equity Managed Floor ETF by 104.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 26,660 shares of the company’s stock worth $944,000 after acquiring an additional 13,607 shares during the last quarter. Cetera Investment Advisers lifted its position in Innovator Equity Managed Floor ETF by 33.6% during the 1st quarter. Cetera Investment Advisers now owns 382,879 shares of the company’s stock worth $13,558,000 after acquiring an additional 96,187 shares during the period. NewEdge Wealth LLC acquired a new stake in Innovator Equity Managed Floor ETF during the 1st quarter worth about $840,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Innovator Equity Managed Floor ETF during the 1st quarter valued at about $1,105,000.
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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