Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Short Interest Up 119.0% in May

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 6,122 shares, an increase of 119.0% from the April 30th total of 2,796 shares. Based on an average trading volume of 5,528 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Innovator Buffer Step-Up Strategy ETF

Institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. grew its position in Innovator Buffer Step-Up Strategy ETF by 13.8% during the third quarter. Sunbelt Securities Inc. now owns 258,902 shares of the company’s stock valued at $9,416,000 after buying an additional 31,330 shares during the period. Capital Investment Advisory Services LLC grew its position in Innovator Buffer Step-Up Strategy ETF by 0.9% during the third quarter. Capital Investment Advisory Services LLC now owns 35,766 shares of the company’s stock valued at $1,301,000 after buying an additional 302 shares during the period. Vista Cima Wealth Management LLC grew its position in Innovator Buffer Step-Up Strategy ETF by 8.9% during the third quarter. Vista Cima Wealth Management LLC now owns 37,647 shares of the company’s stock valued at $1,369,000 after buying an additional 3,084 shares during the period. OLD Mission Capital LLC grew its position in Innovator Buffer Step-Up Strategy ETF by 55.3% during the fourth quarter. OLD Mission Capital LLC now owns 21,618 shares of the company’s stock valued at $803,000 after buying an additional 7,701 shares during the period. Finally, Captrust Financial Advisors bought a new position in Innovator Buffer Step-Up Strategy ETF during the second quarter valued at about $206,000.

Innovator Buffer Step-Up Strategy ETF Price Performance

Shares of NYSEARCA BSTP traded up $0.09 during trading on Friday, hitting $39.46. The stock had a trading volume of 5,686 shares, compared to its average volume of 5,810. Innovator Buffer Step-Up Strategy ETF has a 12 month low of $33.34 and a 12 month high of $39.46. The company has a market capitalization of $59.98 million, a PE ratio of 23.53 and a beta of 0.70. The firm has a fifty day moving average of $37.76 and a two-hundred day moving average of $37.32.

Innovator Buffer Step-Up Strategy ETF Company Profile

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.