Innovator Premium Income 30 Barrier ETF – October (BATS:OCTJ) Sees Large Increase in Short Interest

Innovator Premium Income 30 Barrier ETF – October (BATS:OCTJ) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,295 shares, an increase of 872.5% from the September 30th total of 236 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 2,769 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Innovator Premium Income 30 Barrier ETF – October

A hedge fund recently raised its position in Innovator Premium Income 30 Barrier ETF – October stock. Outlook Wealth Advisors LLC raised its holdings in shares of Innovator Premium Income 30 Barrier ETF – October (BATS:OCTJ) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,500 shares of the company’s stock after buying an additional 2,171 shares during the period. Outlook Wealth Advisors LLC owned about 6.65% of Innovator Premium Income 30 Barrier ETF – October worth $1,349,000 at the end of the most recent reporting period.

Innovator Premium Income 30 Barrier ETF – October Stock Performance

Shares of OCTJ opened at $23.93 on Thursday. The firm has a market capitalization of $20.34 million, a P/E ratio of 24.03 and a beta of 0.12. The stock’s fifty day simple moving average is $24.05 and its 200 day simple moving average is $24.04. Innovator Premium Income 30 Barrier ETF – October has a twelve month low of $23.49 and a twelve month high of $24.32.

Innovator Premium Income 30 Barrier ETF – October Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were paid a $0.3177 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.27 annualized dividend and a dividend yield of 5.3%. This is a decrease from Innovator Premium Income 30 Barrier ETF – October’s previous quarterly dividend of $0.3177.

About Innovator Premium Income 30 Barrier ETF – October

The Innovator Premium Income 30 Barrier ETF – October (OCTJ) 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. OCTJ was launched on Sep 30, 2023 and is issued by Innovator.