Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Short Interest Update

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 31,465 shares, an increase of 84.4% from the April 15th total of 17,063 shares. Based on an average daily volume of 8,306 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.6% of the shares of the company are sold short.

Innovator S&P Investment Grade Preferred ETF Stock Performance

BATS:EPRF opened at $16.99 on Monday. The firm’s 50-day moving average is $16.98 and its 200-day moving average is $17.47. Innovator S&P Investment Grade Preferred ETF has a 52-week low of $16.35 and a 52-week high of $18.79.

Innovator S&P Investment Grade Preferred ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.085 per share. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. HRT Financial LP bought a new position in shares of Innovator S&P Investment Grade Preferred ETF during the 4th quarter worth about $198,000. FORM Wealth Advisors LLC acquired a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the 4th quarter valued at about $235,000. Susquehanna International Group LLP boosted its position in shares of Innovator S&P Investment Grade Preferred ETF by 4.1% during the 3rd quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock valued at $375,000 after acquiring an additional 805 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the 4th quarter valued at about $413,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the 3rd quarter valued at about $446,000.

About Innovator S&P Investment Grade Preferred ETF

The Innovator S&P Investment Grade Preferred ETF (EPRF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index composed of U.S.-listed, investment grade, fixed-rate preferred issues, with a modified equal weighting. EPRF was launched on May 24, 2016 and is managed by Innovator.