Innovator Index Autocallable Income Strategy ETF (NYSEARCA:ACII) Sees Large Growth in Short Interest

by · The Markets Daily

Innovator Index Autocallable Income Strategy ETF (NYSEARCA:ACII – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 68,314 shares, an increase of 77.9% from the June 30th total of 38,402 shares. Based on an average trading volume of 39,516 shares, the short-interest ratio is currently 1.7 days. Approximately 1.5% of the company’s stock are sold short.

Innovator Index Autocallable Income Strategy ETF Trading Down 0.4%

ACII traded down $0.11 during trading on Friday, hitting $25.39. The company had a trading volume of 28,292 shares, compared to its average volume of 62,663. Innovator Index Autocallable Income Strategy ETF has a one year low of $24.69 and a one year high of $26.87. The stock has a 50-day moving average of $25.65.

Innovator Index Autocallable Income Strategy ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 31st will be paid a $0.1976 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 9.3%. This is a positive change from Innovator Index Autocallable Income Strategy ETF’s previous monthly dividend of $0.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Brookstone Capital Management acquired a new stake in Innovator Index Autocallable Income Strategy ETF in the 1st quarter valued at approximately $15,806,000. Talon Private Wealth LLC acquired a new position in Innovator Index Autocallable Income Strategy ETF during the 1st quarter worth approximately $15,724,000. Cornerstone Wealth LLC TN bought a new position in shares of Innovator Index Autocallable Income Strategy ETF during the 1st quarter worth approximately $2,783,000. Founders Financial Securities LLC grew its stake in shares of Innovator Index Autocallable Income Strategy ETF by 127.5% during the 1st quarter. Founders Financial Securities LLC now owns 96,665 shares of the company’s stock worth $2,464,000 after acquiring an additional 54,184 shares in the last quarter. Finally, Wealthgarden F.S. LLC acquired a new stake in shares of Innovator Index Autocallable Income Strategy ETF in the first quarter valued at approximately $247,000. 68.45% of the stock is owned by institutional investors and hedge funds.

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