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

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 44,295 shares, an increase of 150.1% from the May 14th total of 17,712 shares. Based on an average daily volume of 10,464 shares, the short-interest ratio is currently 4.2 days. Currently, 0.9% of the company’s shares are short sold.

Innovator S&P Investment Grade Preferred ETF Stock Performance

Shares of Innovator S&P Investment Grade Preferred ETF stock traded up $0.10 during trading hours on Friday, hitting $16.89. The company’s stock had a trading volume of 5,301 shares, compared to its average volume of 13,840. Innovator S&P Investment Grade Preferred ETF has a twelve month low of $16.35 and a twelve month high of $18.79. The firm has a fifty day moving average of $16.96 and a 200-day moving average of $17.34.

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

Several large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of Innovator S&P Investment Grade Preferred ETF by 61.5% in the 1st quarter. Royal Bank of Canada now owns 866,916 shares of the company’s stock valued at $14,382,000 after purchasing an additional 330,002 shares during the last quarter. Websterrogers Financial Advisors LLC lifted its stake in Innovator S&P Investment Grade Preferred ETF by 4.8% during the 4th quarter. Websterrogers Financial Advisors LLC now owns 104,601 shares of the company’s stock worth $1,840,000 after acquiring an additional 4,773 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Innovator S&P Investment Grade Preferred ETF by 11.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 103,544 shares of the company’s stock worth $1,853,000 after acquiring an additional 10,773 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Innovator S&P Investment Grade Preferred ETF by 3.7% during the 2nd quarter. Raymond James Financial Inc. now owns 72,435 shares of the company’s stock worth $1,277,000 after acquiring an additional 2,553 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its stake in Innovator S&P Investment Grade Preferred ETF by 2.3% during the 1st quarter. Whipplewood Advisors LLC now owns 40,641 shares of the company’s stock worth $674,000 after acquiring an additional 908 shares in the last quarter.

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.