Short Interest in Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Drops By 72.9%

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,683 shares, a decrease of 72.9% from the August 15th total of 24,677 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,553 shares, the days-to-cover ratio is presently 0.6 days.

Innovator S&P Investment Grade Preferred ETF Stock Up 0.4%

BATS EPRF opened at $16.20 on Friday. Innovator S&P Investment Grade Preferred ETF has a 1-year low of $16.13 and a 1-year high of $18.79. The company has a 50 day moving average of $16.60 and a 200-day moving average of $16.83.

Innovator S&P Investment Grade Preferred ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a dividend of $0.085 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Friday, July 31st.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. HRT Financial LP bought a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the fourth quarter worth $198,000. Susquehanna International Group LLP raised its holdings in shares of Innovator S&P Investment Grade Preferred ETF by 4.1% in the third quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock valued at $375,000 after buying an additional 805 shares during the last quarter. AlphaCore Capital LLC acquired a new position in Innovator S&P Investment Grade Preferred ETF during the 4th quarter worth about $413,000. Citadel Advisors LLC acquired a new position in Innovator S&P Investment Grade Preferred ETF during the 3rd quarter worth about $446,000. Finally, Jane Street Group LLC bought a new stake in Innovator S&P Investment Grade Preferred ETF during the 2nd quarter worth about $670,000.

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.