Innovator U.S. Equity Accelerated Plus ETF – April (BATS:XTAP) Sees Large Increase in Short Interest

Innovator U.S. Equity Accelerated Plus ETF – April (BATS:XTAP) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,271 shares, a growth of 31,675.0% from the April 15th total of 4 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,641 shares, the days-to-cover ratio is currently 0.3 days.

Innovator U.S. Equity Accelerated Plus ETF – April Stock Down 0.1%

BATS XTAP traded down $0.04 during midday trading on Monday, hitting $44.63. The company had a trading volume of 1,120 shares, compared to its average volume of 2,158. The stock has a market cap of $30.13 million, a price-to-earnings ratio of 23.93 and a beta of 0.80. The firm has a fifty day simple moving average of $42.26 and a two-hundred day simple moving average of $41.08. Innovator U.S. Equity Accelerated Plus ETF – April has a fifty-two week low of $36.33 and a fifty-two week high of $44.75.

Institutional Trading of Innovator U.S. Equity Accelerated Plus ETF – April

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lido Advisors LLC acquired a new stake in Innovator U.S. Equity Accelerated Plus ETF – April in the 4th quarter worth $11,334,000. Susquehanna International Group LLP grew its position in Innovator U.S. Equity Accelerated Plus ETF – April by 182.5% in the 3rd quarter. Susquehanna International Group LLP now owns 25,251 shares of the company’s stock worth $1,001,000 after purchasing an additional 16,313 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Innovator U.S. Equity Accelerated Plus ETF – April by 24.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,656 shares of the company’s stock valued at $185,000 after acquiring an additional 905 shares in the last quarter. Arax Advisory Partners acquired a new stake in shares of Innovator U.S. Equity Accelerated Plus ETF – April during the 4th quarter valued at about $97,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Innovator U.S. Equity Accelerated Plus ETF – April during the 4th quarter valued at about $29,000.

Innovator U.S. Equity Accelerated Plus ETF – April Company Profile

The Innovator U.S. Equity Accelerated Plus ETF – April (XTAP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for 3x upside return of SPY to a cap, with approximately single exposure on the downside, over a one-year outcome period. XTAP was launched on Apr 1, 2021 and is managed by Innovator.