Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Sees Large Decline in Short Interest

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,796 shares, a drop of 89.0% from the April 15th total of 25,464 shares. Based on an average daily volume of 7,594 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Innovator Buffer Step-Up Strategy ETF Trading Down 0.5%

Innovator Buffer Step-Up Strategy ETF stock traded down $0.20 during midday trading on Tuesday, reaching $38.66. The stock had a trading volume of 5,150 shares, compared to its average volume of 6,063. Innovator Buffer Step-Up Strategy ETF has a 12 month low of $33.06 and a 12 month high of $38.99. The company has a market capitalization of $58.76 million, a P/E ratio of 23.53 and a beta of 0.70. The company has a fifty day moving average price of $37.16 and a two-hundred day moving average price of $37.10.

Institutional Trading of Innovator Buffer Step-Up Strategy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its holdings in Innovator Buffer Step-Up Strategy ETF by 25.8% during the 1st quarter. Kestra Advisory Services LLC now owns 5,842 shares of the company’s stock worth $210,000 after purchasing an additional 1,198 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Innovator Buffer Step-Up Strategy ETF by 1.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 75,524 shares of the company’s stock worth $2,720,000 after purchasing an additional 1,122 shares in the last quarter. OLD Mission Capital LLC increased its holdings in Innovator Buffer Step-Up Strategy ETF by 55.3% during the 4th quarter. OLD Mission Capital LLC now owns 21,618 shares of the company’s stock worth $803,000 after purchasing an additional 7,701 shares in the last quarter. Principal Securities Inc. increased its holdings in Innovator Buffer Step-Up Strategy ETF by 6.3% during the 4th quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock worth $701,000 after purchasing an additional 1,127 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its holdings in Innovator Buffer Step-Up Strategy ETF by 4.5% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 19,335 shares of the company’s stock worth $718,000 after purchasing an additional 829 shares in the last quarter.

About Innovator Buffer Step-Up Strategy ETF

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