Short Interest in Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) Increases By 183.8%
by Amy Steele · The Cerbat GemInnovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR – Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 23,611 shares, an increase of 183.8% from the March 31st total of 8,321 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 46,710 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in RFLR. Jane Street Group LLC bought a new position in Innovator U.S. Small Cap Managed Floor ETF in the second quarter worth approximately $550,000. Worth Financial Advisory Group LLC bought a new position in Innovator U.S. Small Cap Managed Floor ETF in the third quarter worth approximately $369,000. CoreCap Advisors LLC bought a new position in Innovator U.S. Small Cap Managed Floor ETF in the third quarter worth approximately $44,000. Winnow Wealth LLC bought a new position in Innovator U.S. Small Cap Managed Floor ETF in the third quarter worth approximately $2,472,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Innovator U.S. Small Cap Managed Floor ETF by 13.7% in the third quarter. Envestnet Asset Management Inc. now owns 27,854 shares of the company’s stock worth $773,000 after acquiring an additional 3,357 shares in the last quarter.
Innovator U.S. Small Cap Managed Floor ETF Stock Up 0.3%
NYSEARCA:RFLR traded up $0.09 on Friday, hitting $30.00. The stock had a trading volume of 9,586 shares, compared to its average volume of 22,518. The business’s fifty day moving average is $29.42 and its 200 day moving average is $28.95. The company has a market cap of $75 million, a PE ratio of 15.96 and a beta of 0.81. Innovator U.S. Small Cap Managed Floor ETF has a 52 week low of $23.57 and a 52 week high of $33.43.
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.