Innovator U.S. Small Cap Power Buffer ETF – January (BATS:KJAN) Sees Large Decline in Short Interest

Innovator U.S. Small Cap Power Buffer ETF – January (BATS:KJAN) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 14,055 shares, a drop of 35.5% from the April 15th total of 21,802 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 4,566 shares, the days-to-cover ratio is presently 3.1 days.

Innovator U.S. Small Cap Power Buffer ETF – January Price Performance

Shares of BATS:KJAN opened at $44.14 on Monday. The firm’s 50 day moving average price is $42.86 and its 200 day moving average price is $42.25. The stock has a market cap of $339.00 million, a price-to-earnings ratio of 15.75 and a beta of 0.64. Innovator U.S. Small Cap Power Buffer ETF – January has a fifty-two week low of $35.86 and a fifty-two week high of $44.68.

Hedge Funds Weigh In On Innovator U.S. Small Cap Power Buffer ETF – January

A number of institutional investors and hedge funds have recently modified their holdings of KJAN. Compass Advisory Group LLC grew its stake in shares of Innovator U.S. Small Cap Power Buffer ETF – January by 117.5% during the first quarter. Compass Advisory Group LLC now owns 615,077 shares of the company’s stock worth $25,662,000 after purchasing an additional 332,275 shares in the last quarter. BFI Wealth Solutions LLC acquired a new stake in Innovator U.S. Small Cap Power Buffer ETF – January in the fourth quarter valued at $4,599,000. Sherry Group Inc. acquired a new stake in Innovator U.S. Small Cap Power Buffer ETF – January in the fourth quarter valued at $3,373,000. Kestra Advisory Services LLC raised its stake in Innovator U.S. Small Cap Power Buffer ETF – January by 55.0% in the first quarter. Kestra Advisory Services LLC now owns 160,124 shares of the company’s stock valued at $6,681,000 after buying an additional 56,845 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Innovator U.S. Small Cap Power Buffer ETF – January in the third quarter valued at $1,538,000.

About Innovator U.S. Small Cap Power Buffer ETF – January

The Innovator U.S. Small Cap Power Buffer ETF – January (KJAN) is an exchange-traded fund that is based on the Russell 2000 index. The fund aims for specific buffered losses and capped gains on the Russell 2000 over a specific holdings period. The actively-managed fund holds options and collateral. KJAN was launched on Jan 1, 2020 and is managed by Innovator.