Innovator Index Autocallable Income Strategy ETF (NYSEARCA:ACII) Short Interest Up 116.4% in May

Innovator Index Autocallable Income Strategy ETF (NYSEARCA:ACII) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 57,742 shares, a growth of 116.4% from the May 14th total of 26,679 shares. Based on an average daily volume of 52,796 shares, the short-interest ratio is currently 1.1 days. Currently, 1.9% of the shares of the stock are short sold.

Innovator Index Autocallable Income Strategy ETF Trading Up 0.1%

Shares of NYSEARCA ACII opened at $25.73 on Friday. Innovator Index Autocallable Income Strategy ETF has a 52 week low of $24.69 and a 52 week high of $26.87. The stock has a fifty day moving average of $25.70.

Innovator Index Autocallable Income Strategy ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 29th were given a $0.1884 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ACII. Founders Financial Securities LLC increased its position in shares of Innovator Index Autocallable Income Strategy ETF by 127.5% in the first quarter. Founders Financial Securities LLC now owns 96,665 shares of the company’s stock worth $2,464,000 after purchasing an additional 54,184 shares during the period. Brookstone Capital Management bought a new position in shares of Innovator Index Autocallable Income Strategy ETF in the 1st quarter valued at $15,806,000. Sound Income Strategies LLC bought a new position in shares of Innovator Index Autocallable Income Strategy ETF in the 1st quarter valued at $32,000. Evolution Wealth Management Inc. increased its stake in shares of 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 purchasing an additional 3,695 shares during the last quarter. Finally, Wealthgarden F.S. LLC bought a new position in shares of Innovator Index Autocallable Income Strategy ETF in the 1st quarter valued at $247,000. Institutional investors own 68.45% of the company’s stock.