Innovator Premium Income 20 Barrier ETF – October (BATS:OCTH) Sees Significant Growth in Short Interest

Innovator Premium Income 20 Barrier ETF – October (BATS:OCTH) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 910 shares, an increase of 622.2% from the October 15th total of 126 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,147 shares, the days-to-cover ratio is presently 0.8 days.

Innovator Premium Income 20 Barrier ETF – October Price Performance

Shares of Innovator Premium Income 20 Barrier ETF – October stock opened at $23.92 on Wednesday. Innovator Premium Income 20 Barrier ETF – October has a fifty-two week low of $23.41 and a fifty-two week high of $24.40. The firm has a fifty day moving average price of $24.05 and a two-hundred day moving average price of $24.06. The company has a market cap of $18.54 million, a PE ratio of 24.11 and a beta of 0.17.

Innovator Premium Income 20 Barrier ETF – October Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Wednesday, September 30th. This is a negative change from Innovator Premium Income 20 Barrier ETF – October’s previous quarterly dividend of $0.3875.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Soltis Investment Advisors LLC lifted its stake in shares of Innovator Premium Income 20 Barrier ETF – October by 18.7% in the third quarter. Soltis Investment Advisors LLC now owns 12,369 shares of the company’s stock valued at $295,000 after buying an additional 1,946 shares during the period. Commonwealth Equity Services LLC acquired a new stake in Innovator Premium Income 20 Barrier ETF – October during the third quarter worth about $248,000. Finally, Harbour Investments Inc. acquired a new stake in Innovator Premium Income 20 Barrier ETF – October during the third quarter worth about $1,033,000.

About Innovator Premium Income 20 Barrier ETF – October

The Innovator Premium Income 20 Barrier ETF – October (OCTH) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide a consistent income stream and a limited protective barrier against losses over a one-year period. The actively managed fund holds a package of S&P 500 FLEX options and US Treasurys. OCTH was launched on Sep 30, 2023 and is issued by Innovator.