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

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 44,295 shares, an increase of 150.1% from the May 14th total of 17,712 shares. Based on an average daily volume of 10,464 shares, the short-interest ratio is presently 4.2 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings 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 acquiring an additional 330,002 shares during the last quarter. HRT Financial LP purchased a new position in shares of Innovator S&P Investment Grade Preferred ETF in the 4th quarter valued at about $198,000. Susquehanna International Group LLP increased its holdings in shares of Innovator S&P Investment Grade Preferred ETF by 4.1% in 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 during the last quarter. Citadel Advisors LLC purchased a new position in shares of Innovator S&P Investment Grade Preferred ETF in the 3rd quarter valued at about $446,000. Finally, Jane Street Group LLC purchased a new position in shares of Innovator S&P Investment Grade Preferred ETF in the 2nd quarter valued at about $670,000.

Innovator S&P Investment Grade Preferred ETF Trading Up 0.6%

Shares of EPRF traded up $0.10 during mid-day trading on Friday, reaching $16.89. The company’s stock had a trading volume of 5,301 shares, compared to its average volume of 13,840. Innovator S&P Investment Grade Preferred ETF has a 12-month low of $16.35 and a 12-month high of $18.79. The company’s 50 day moving average is $16.96 and its 200 day moving average is $17.34.

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.