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

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) was the target of a significant decline in short interest during 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. Based on an average trading volume of 12,788 shares, the short-interest ratio is presently 1.4 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. HRT Financial LP purchased a new position in Innovator S&P Investment Grade Preferred ETF during the 4th quarter valued at $198,000. FORM Wealth Advisors LLC purchased a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the fourth quarter valued at $235,000. Susquehanna International Group LLP grew its holdings in shares of Innovator S&P Investment Grade Preferred ETF by 4.1% in the third quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock worth $375,000 after purchasing an additional 805 shares during the last quarter. AlphaCore Capital LLC bought a new position in shares of Innovator S&P Investment Grade Preferred ETF in the fourth quarter worth about $413,000. Finally, Citadel Advisors LLC purchased a new position in Innovator S&P Investment Grade Preferred ETF in the 3rd quarter worth about $446,000.

Innovator S&P Investment Grade Preferred ETF Stock Performance

Innovator S&P Investment Grade Preferred ETF stock opened at $16.75 on Thursday. Innovator S&P Investment Grade Preferred ETF has a 12-month low of $16.35 and a 12-month high of $18.79. The firm has a 50-day moving average price of $16.96 and a 200-day moving average price of $17.37.

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.