Innovator Premium Income 15 Buffer ETF – October (BATS:LOCT) Sees Large Drop in Short Interest

Innovator Premium Income 15 Buffer ETF – October (BATS:LOCT) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,100 shares, a decline of 54.9% from the September 30th total of 2,438 shares. Based on an average trading volume of 4,561 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Innovator Premium Income 15 Buffer ETF – October

An institutional investor recently raised its stake in Innovator Premium Income 15 Buffer ETF – October stock. MTM Financial Group LLC grew its stake in Innovator Premium Income 15 Buffer ETF – October (BATS:LOCT) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,064 shares of the company’s stock after purchasing an additional 6,077 shares during the quarter. Innovator Premium Income 15 Buffer ETF – October makes up approximately 1.3% of MTM Financial Group LLC’s investment portfolio, making the stock its 21st largest holding. MTM Financial Group LLC owned approximately 22.01% of Innovator Premium Income 15 Buffer ETF – October worth $2,852,000 as of its most recent SEC filing.

Innovator Premium Income 15 Buffer ETF – October Price Performance

LOCT stock opened at $23.79 on Friday. Innovator Premium Income 15 Buffer ETF – October has a 1-year low of $23.48 and a 1-year high of $24.05. The business’s 50 day simple moving average is $23.89 and its 200 day simple moving average is $23.87.

Innovator Premium Income 15 Buffer ETF – October Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 30th will be issued a dividend of $0.1143 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.37 annualized dividend and a yield of 5.8%. This is a positive change from Innovator Premium Income 15 Buffer ETF – October’s previous monthly dividend of $0.1028.

Innovator Premium Income 15 Buffer ETF – October Company Profile

The Innovator Premium Income 15 Buffer ETF – October (LOCT) 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 buffer against the first 15% of losses stemming from the decline in the S&P 500 Index. The exposure resets each year in October LOCT was launched on Sep 30, 2023 and is issued by Innovator.