Innovator Index Autocallable Income Strategy ETF (NYSEARCA:ACII) Short Interest Up 77.9% in July

Innovator Index Autocallable Income Strategy ETF (NYSEARCA:ACII) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 68,314 shares, a growth of 77.9% from the June 30th total of 38,402 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 39,516 shares, the days-to-cover ratio is presently 1.7 days.

Innovator Index Autocallable Income Strategy ETF Stock Performance

Shares of ACII traded down $0.11 during midday trading on Friday, hitting $25.39. 28,292 shares of the stock traded hands, compared to its average volume of 62,663. The company’s 50 day simple moving average is $25.65. Innovator Index Autocallable Income Strategy ETF has a 1-year low of $24.69 and a 1-year high of $26.87.

Innovator Index Autocallable Income Strategy ETF Increases Dividend

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

Institutional Investors Weigh In On Innovator Index Autocallable Income Strategy ETF

Several large investors have recently made changes to their positions in ACII. Cornerstone Wealth LLC TN bought a new stake in shares of Innovator Index Autocallable Income Strategy ETF during the first quarter valued at approximately $2,783,000. Talon Private Wealth LLC bought a new position in Innovator Index Autocallable Income Strategy ETF in the 1st quarter worth approximately $15,724,000. Wealthgarden F.S. LLC bought a new position in Innovator Index Autocallable Income Strategy ETF in the 1st quarter worth approximately $247,000. Evolution Wealth Management Inc. increased its position in Innovator Index Autocallable Income Strategy ETF by 23.5% in the 1st quarter. Evolution Wealth Management Inc. now owns 19,427 shares of the company’s stock valued at $487,000 after acquiring an additional 3,695 shares during the period. Finally, Sound Income Strategies LLC acquired a new stake in Innovator Index Autocallable Income Strategy ETF in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 68.45% of the company’s stock.