Innovator Premium Income 30 Barrier ETF – October (BATS:OCTJ) Stock Short Interest Declines 74.4%

Innovator Premium Income 30 Barrier ETF – October (BATS:OCTJ) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 588 shares, a drop of 74.4% from the October 15th total of 2,295 shares. Based on an average daily volume of 5,569 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Innovator Premium Income 30 Barrier ETF – October Stock Up 0.2%

Innovator Premium Income 30 Barrier ETF – October stock opened at $23.97 on Thursday. The company’s 50 day moving average is $24.01 and its two-hundred day moving average is $24.03. The firm has a market cap of $20.37 million, a PE ratio of 24.03 and a beta of 0.12. Innovator Premium Income 30 Barrier ETF – October has a 52-week low of $23.49 and a 52-week high of $24.32.

Innovator Premium Income 30 Barrier ETF – October Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were paid a dividend of $0.3177 per share. The ex-dividend date was Wednesday, September 30th. This is a negative change from Innovator Premium Income 30 Barrier ETF – October’s previous quarterly dividend of $0.3177. This represents a $1.27 dividend on an annualized basis and a dividend yield of 5.3%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Outlook Wealth Advisors LLC increased its position in shares of Innovator Premium Income 30 Barrier ETF – October by 4.0% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 56,500 shares of the company’s stock valued at $1,349,000 after purchasing an additional 2,171 shares during the last quarter. Soltis Investment Advisors LLC acquired a new position in shares of Innovator Premium Income 30 Barrier ETF – October during the third quarter worth $253,000. Commonwealth Equity Services LLC acquired a new position in shares of Innovator Premium Income 30 Barrier ETF – October during the third quarter worth $265,000. Finally, Harbour Investments Inc. acquired a new position in shares of Innovator Premium Income 30 Barrier ETF – October during the third quarter worth $998,000.

Innovator Premium Income 30 Barrier ETF – October Company Profile

The Innovator Premium Income 30 Barrier ETF – October (OCTJ) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide a consistent income stream and a limited protective barrier against losses over a one-year period. The actively managed fund holds a package of S&P 500 FLEX options and US Treasurys. OCTJ was launched on Sep 30, 2023 and is issued by Innovator.