Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR – Get Free Report) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 33,913 shares, a decrease of 43.9% from the August 31st total of 60,419 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 12,030 shares, the days-to-cover ratio is presently 2.8 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in Innovator U.S. Small Cap Managed Floor ETF by 38.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 307,863 shares of the company’s stock valued at $10,092,000 after acquiring an additional 85,562 shares during the period. WorthPointe LLC boosted its position in Innovator U.S. Small Cap Managed Floor ETF by 11.3% during the second quarter. WorthPointe LLC now owns 19,680 shares of the company’s stock worth $645,000 after purchasing an additional 2,004 shares during the period. Beacon Financial Strategies CORP bought a new position in Innovator U.S. Small Cap Managed Floor ETF during the second quarter worth $233,000. Winnow Wealth LLC increased its holdings in shares of Innovator U.S. Small Cap Managed Floor ETF by 1.7% in the first quarter. Winnow Wealth LLC now owns 116,966 shares of the company’s stock valued at $3,396,000 after purchasing an additional 1,985 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in shares of Innovator U.S. Small Cap Managed Floor ETF in the first quarter valued at $4,088,000.
Innovator U.S. Small Cap Managed Floor ETF Stock Performance
NYSEARCA:RFLR traded down $0.05 during mid-day trading on Wednesday, hitting $31.38. The stock had a trading volume of 6,768 shares, compared to its average volume of 16,238. Innovator U.S. Small Cap Managed Floor ETF has a twelve month low of $26.70 and a twelve month high of $35.17. The stock has a market cap of $92.57 million, a price-to-earnings ratio of 15.96 and a beta of 0.59. The company’s 50 day simple moving average is $32.51 and its 200 day simple moving average is $31.30.
Innovator U.S. Small Cap Managed Floor ETF Increases Dividend
Innovator U.S. Small Cap Managed Floor ETF Company Profile
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.
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