Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Stock Short Interest Report for September

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,404 shares, a drop of 43.4% from the September 15th total of 9,556 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 11,508 shares, the days-to-cover ratio is presently 0.5 days.

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

An institutional investor recently raised its position in Innovator S&P Investment Grade Preferred ETF stock. Royal Bank of Canada raised its holdings in shares of Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) by 61.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 866,916 shares of the company’s stock after purchasing an additional 330,002 shares during the period. Royal Bank of Canada owned approximately 17.17% of Innovator S&P Investment Grade Preferred ETF worth $14,382,000 at the end of the most recent quarter.

Innovator S&P Investment Grade Preferred ETF Trading Down 0.4%

Shares of Innovator S&P Investment Grade Preferred ETF stock opened at $15.62 on Thursday. Innovator S&P Investment Grade Preferred ETF has a 1 year low of $15.49 and a 1 year high of $18.28. The company has a 50-day moving average of $16.25 and a 200 day moving average of $16.63.

Innovator S&P Investment Grade Preferred ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were given a $0.0850 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, September 30th.

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.