Innovator U.S. Equity Accelerated Plus ETF – April (BATS:XTAP) Short Interest Down 96.9% in May

Innovator U.S. Equity Accelerated Plus ETF – April (BATS:XTAP) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 39 shares, a drop of 96.9% from the April 30th total of 1,271 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,718 shares, the days-to-cover ratio is currently 0.0 days.

Innovator U.S. Equity Accelerated Plus ETF – April Stock Performance

XTAP remained flat at $45.05 during trading on Wednesday. 309 shares of the company traded hands, compared to its average volume of 1,958. The stock has a market capitalization of $30.41 million, a price-to-earnings ratio of 23.93 and a beta of 0.80. Innovator U.S. Equity Accelerated Plus ETF – April has a 12-month low of $36.94 and a 12-month high of $45.07. The company has a 50 day simple moving average of $43.22 and a 200 day simple moving average of $41.53.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XTAP. Lido Advisors LLC bought a new position in Innovator U.S. Equity Accelerated Plus ETF – April in the 4th quarter worth $11,334,000. Susquehanna International Group LLP raised its holdings 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 acquiring an additional 16,313 shares during the period. Arax Advisory Partners bought a new position in Innovator U.S. Equity Accelerated Plus ETF – April in the 4th quarter worth $97,000. Sunbelt Securities Inc. raised its holdings in Innovator U.S. Equity Accelerated Plus ETF – April by 24.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,656 shares of the company’s stock worth $185,000 after acquiring an additional 905 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Innovator U.S. Equity Accelerated Plus ETF – April in the 4th quarter worth $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.