Innovator Premium Income 20 Barrier ETF – October (BATS:OCTH) Sees Significant Growth in Short Interest

Innovator Premium Income 20 Barrier ETF – October (BATS:OCTH) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 910 shares, a growth of 622.2% from the October 15th total of 126 shares. Based on an average daily trading volume, of 1,147 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Innovator Premium Income 20 Barrier ETF – October

Several institutional investors and hedge funds have recently added to or reduced their stakes in OCTH. Commonwealth Equity Services LLC bought a new stake in Innovator Premium Income 20 Barrier ETF – October during the third quarter worth approximately $248,000. Soltis Investment Advisors LLC grew its holdings in Innovator Premium Income 20 Barrier ETF – October by 18.7% during the third quarter. Soltis Investment Advisors LLC now owns 12,369 shares of the company’s stock valued at $295,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Harbour Investments Inc. bought a new position in shares of Innovator Premium Income 20 Barrier ETF – October in the third quarter valued at approximately $1,033,000.

Innovator Premium Income 20 Barrier ETF – October Stock Performance

OCTH opened at $23.92 on Wednesday. The company has a market cap of $18.54 million, a PE ratio of 24.11 and a beta of 0.17. The stock has a 50-day moving average of $24.05 and a 200-day moving average of $24.06. Innovator Premium Income 20 Barrier ETF – October has a 52-week low of $23.41 and a 52-week high of $24.40.

Innovator Premium Income 20 Barrier ETF – October Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a negative change from Innovator Premium Income 20 Barrier ETF – October’s previous quarterly dividend of $0.3875.

About Innovator Premium Income 20 Barrier ETF – October

The Innovator Premium Income 20 Barrier ETF – October (OCTH) 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. OCTH was launched on Sep 30, 2023 and is issued by Innovator.