Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Sees Significant Decline in Short Interest

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) saw a significant drop in short interest during 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 shares of the company are sold short. Based on an average daily volume of 11,508 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

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% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 866,916 shares of the company’s stock after buying an additional 330,002 shares during the quarter. Royal Bank of Canada owned about 17.17% of Innovator S&P Investment Grade Preferred ETF worth $14,382,000 as of its most recent SEC filing.

Innovator S&P Investment Grade Preferred ETF Trading Up 0.3%

Innovator S&P Investment Grade Preferred ETF stock opened at $15.67 on Friday. The business’s 50-day simple moving average is $16.23 and its 200-day simple moving average is $16.62. Innovator S&P Investment Grade Preferred ETF has a 52 week low of $15.49 and a 52 week high of $18.28.

Innovator S&P Investment Grade Preferred ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were paid a dividend of $0.0850 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.02 annualized dividend and a yield of 6.5%.

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.