Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Sees Large Decrease in Short Interest

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 17,712 shares, a decline of 43.7% from the April 30th total of 31,465 shares. Based on an average daily volume of 12,788 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Innovator S&P Investment Grade Preferred ETF

Several institutional investors and hedge funds have recently modified their holdings of EPRF. Royal Bank of Canada grew its position in shares of Innovator S&P Investment Grade Preferred ETF by 61.5% in the 1st quarter. Royal Bank of Canada now owns 866,916 shares of the company’s stock valued at $14,382,000 after purchasing an additional 330,002 shares during the period. Jane Street Group LLC bought a new stake in Innovator S&P Investment Grade Preferred ETF in the 2nd quarter valued at approximately $670,000. Citadel Advisors LLC bought a new stake in Innovator S&P Investment Grade Preferred ETF in the 3rd quarter valued at approximately $446,000. AlphaCore Capital LLC bought a new stake in Innovator S&P Investment Grade Preferred ETF in the 4th quarter valued at approximately $413,000. Finally, FORM Wealth Advisors LLC bought a new stake in Innovator S&P Investment Grade Preferred ETF in the 4th quarter valued at approximately $235,000.

Innovator S&P Investment Grade Preferred ETF Trading Down 0.3%

Shares of EPRF opened at $16.93 on Tuesday. The stock has a 50 day simple moving average of $16.96 and a 200 day simple moving average of $17.39. 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 Company Profile

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.