Innovator Index Autocallable Income Strategy ETF (NYSEARCA:ACII) Sees Significant Increase in Short Interest

Innovator Index Autocallable Income Strategy ETF (NYSEARCA:ACII) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 57,742 shares, a growth of 116.4% from the May 14th total of 26,679 shares. Based on an average daily trading volume, of 52,796 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Innovator Index Autocallable Income Strategy ETF

Institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC bought a new stake in Innovator Index Autocallable Income Strategy ETF during the first quarter worth $32,000. Wealthgarden F.S. LLC bought a new position in Innovator Index Autocallable Income Strategy ETF in the 1st quarter valued at $247,000. Evolution Wealth Management Inc. grew its stake in Innovator Index Autocallable Income Strategy ETF by 23.5% in the 1st quarter. Evolution Wealth Management Inc. now owns 19,427 shares of the company’s stock valued at $487,000 after purchasing an additional 3,695 shares during the period. Founders Financial Securities LLC grew its stake in Innovator Index Autocallable Income Strategy ETF by 127.5% in the 1st quarter. Founders Financial Securities LLC now owns 96,665 shares of the company’s stock valued at $2,464,000 after purchasing an additional 54,184 shares during the period. Finally, Cornerstone Wealth LLC TN bought a new position in Innovator Index Autocallable Income Strategy ETF in the 1st quarter valued at $2,783,000. Institutional investors own 68.45% of the company’s stock.

Innovator Index Autocallable Income Strategy ETF Trading Up 0.1%

Innovator Index Autocallable Income Strategy ETF stock traded up $0.02 during trading on Friday, hitting $25.73. 55,866 shares of the company were exchanged, compared to its average volume of 66,770. The firm has a 50 day simple moving average of $25.70. Innovator Index Autocallable Income Strategy ETF has a 52 week low of $24.69 and a 52 week high of $26.87.

Innovator Index Autocallable Income Strategy ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 29th were issued a dividend of $0.1884 per share. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a yield of 8.8%.