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

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 17,712 shares, a decline of 43.7% from the April 30th total of 31,465 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 12,788 shares, the days-to-cover ratio is presently 1.4 days.

Innovator S&P Investment Grade Preferred ETF Stock Performance

Innovator S&P Investment Grade Preferred ETF stock opened at $16.93 on Tuesday. Innovator S&P Investment Grade Preferred ETF has a 1 year low of $16.35 and a 1 year high of $18.79. The business has a 50-day moving average of $16.96 and a 200-day moving average of $17.39.

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

Several institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP grew its position in shares of Innovator S&P Investment Grade Preferred ETF by 4.1% during the 3rd quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock worth $375,000 after buying an additional 805 shares during the period. Whipplewood Advisors LLC grew its position in shares of Innovator S&P Investment Grade Preferred ETF by 2.3% in the 1st quarter. Whipplewood Advisors LLC now owns 40,641 shares of the company’s stock valued at $674,000 after purchasing an additional 908 shares during the period. Raymond James Financial Inc. grew its position in shares of Innovator S&P Investment Grade Preferred ETF by 3.7% in the 2nd quarter. Raymond James Financial Inc. now owns 72,435 shares of the company’s stock valued at $1,277,000 after purchasing an additional 2,553 shares during the period. Websterrogers Financial Advisors LLC grew its position in shares of Innovator S&P Investment Grade Preferred ETF by 4.8% in the 4th quarter. Websterrogers Financial Advisors LLC now owns 104,601 shares of the company’s stock valued at $1,840,000 after purchasing an additional 4,773 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Innovator S&P Investment Grade Preferred ETF by 11.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 103,544 shares of the company’s stock valued at $1,853,000 after purchasing an additional 10,773 shares during the period.

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.