Innovator International Developed Power Buffer ETF – March (NYSEARCA:IMAR) Sees Large Growth in Short Interest

Innovator International Developed Power Buffer ETF – March (NYSEARCA:IMAR) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 76,498 shares, a growth of 132.3% from the April 30th total of 32,927 shares. Based on an average daily volume of 605,426 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IMAR. Raymond James Financial Inc. bought a new position in Innovator International Developed Power Buffer ETF – March in the second quarter valued at approximately $35,000. AdvisorNet Financial Inc bought a new position in Innovator International Developed Power Buffer ETF – March in the first quarter valued at approximately $38,000. Advisory Services Network LLC bought a new position in Innovator International Developed Power Buffer ETF – March in the third quarter valued at approximately $58,000. Atlantic Private Wealth LLC bought a new position in Innovator International Developed Power Buffer ETF – March in the first quarter valued at approximately $102,000. Finally, HighTower Advisors LLC bought a new position in Innovator International Developed Power Buffer ETF – March in the fourth quarter valued at approximately $201,000.

Innovator International Developed Power Buffer ETF – March Price Performance

NYSEARCA:IMAR remained flat at $30.35 during mid-day trading on Monday. 479,954 shares of the company were exchanged, compared to its average volume of 103,985. The business has a 50 day simple moving average of $29.74 and a 200-day simple moving average of $29.77. The stock has a market capitalization of $85.89 million, a PE ratio of 16.59 and a beta of 0.32. Innovator International Developed Power Buffer ETF – March has a fifty-two week low of $27.59 and a fifty-two week high of $30.54.

About Innovator International Developed Power Buffer ETF – March

The Innovator International Developed Power Buffer ETF – March (IMAR) is an exchange-traded fund that mostly invests in total market equity. The fund aims to participate in the price movement of iShares MSCI EAFE ETF (ticker: EFA), up to a predetermined cap, while buffering the first 15% of losses over a one-year period starting March 1. The actively managed fund utilizes FLEX options and collateral IMAR was launched on Feb 29, 2024 and is issued by Innovator.