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

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

Innovator S&P Investment Grade Preferred ETF Trading Down 0.1%

Innovator S&P Investment Grade Preferred ETF stock opened at $16.20 on Monday. The stock has a 50-day moving average price of $16.60 and a 200 day moving average price of $16.82. Innovator S&P Investment Grade Preferred ETF has a 52 week low of $16.13 and a 52 week high of $18.79.

Innovator S&P Investment Grade Preferred ETF Announces Dividend

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

Institutional Investors Weigh In On Innovator S&P Investment Grade Preferred ETF

Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in Innovator S&P Investment Grade Preferred ETF by 61.5% in the first 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 last quarter. Whipplewood Advisors LLC grew its holdings in Innovator S&P Investment Grade Preferred ETF by 2.3% in the 1st quarter. Whipplewood Advisors LLC now owns 40,641 shares of the company’s stock valued at $674,000 after buying an additional 908 shares during the period. AlphaCore Capital LLC acquired a new position in shares of Innovator S&P Investment Grade Preferred ETF during the 4th quarter valued at about $413,000. HRT Financial LP purchased a new position in shares of Innovator S&P Investment Grade Preferred ETF during the 4th quarter worth about $198,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Innovator S&P Investment Grade Preferred ETF in the third quarter worth approximately $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.