Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Shares Shorted: Short Interest Down 71.7% in September

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 4,522 shares, a decline of 71.7% from the September 15th total of 15,984 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,801 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Addison Capital Co purchased a new position in Innovator Power Buffer Step-Up Strategy ETF during the 1st quarter worth approximately $917,000. Citadel Advisors LLC purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the second quarter valued at $716,000. Sunbelt Securities Inc. lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 5.6% in the fourth quarter. Sunbelt Securities Inc. now owns 360,494 shares of the company’s stock valued at $12,743,000 after purchasing an additional 19,194 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 6.6% in the first quarter. Cetera Investment Advisers now owns 133,520 shares of the company’s stock valued at $4,602,000 after purchasing an additional 8,324 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 10.0% in the second quarter. Envestnet Asset Management Inc. now owns 76,628 shares of the company’s stock worth $2,819,000 after buying an additional 6,986 shares during the period.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

PSTP traded up $0.04 during trading on Monday, reaching $37.85. The company had a trading volume of 6,094 shares, compared to its average volume of 10,062. The firm’s 50-day simple moving average is $37.46 and its 200 day simple moving average is $36.65. The company has a market cap of $134.37 million, a price-to-earnings ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a 12-month low of $33.12 and a 12-month high of $37.91.

About Innovator Power Buffer Step-Up Strategy ETF

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.