Innovator International Developed Power Buffer ETF – November (NYSEARCA:INOV) Sees Large Increase in Short Interest

Innovator International Developed Power Buffer ETF – November (NYSEARCA:INOV) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 99 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 2,115 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Innovator International Developed Power Buffer ETF – November Price Performance

NYSEARCA:INOV traded down $0.08 during mid-day trading on Friday, reaching $36.68. The stock had a trading volume of 2,866 shares, compared to its average volume of 11,595. The company has a market capitalization of $54.29 million, a price-to-earnings ratio of 107.88 and a beta of 0.29. Innovator International Developed Power Buffer ETF – November has a 1-year low of $31.83 and a 1-year high of $37.12. The stock’s 50 day simple moving average is $36.50 and its two-hundred day simple moving average is $35.80.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sigma Planning Corp acquired a new stake in shares of Innovator International Developed Power Buffer ETF – November during the 1st quarter valued at approximately $780,000. Kestra Advisory Services LLC boosted its holdings in Innovator International Developed Power Buffer ETF – November by 35.0% in the first quarter. Kestra Advisory Services LLC now owns 41,220 shares of the company’s stock worth $1,430,000 after purchasing an additional 10,690 shares during the period. Maltin Wealth Management Inc. increased its stake in Innovator International Developed Power Buffer ETF – November by 370.9% during the first quarter. Maltin Wealth Management Inc. now owns 144,572 shares of the company’s stock valued at $5,015,000 after purchasing an additional 113,874 shares during the last quarter. Finally, Berkshire Money Management Inc. bought a new stake in Innovator International Developed Power Buffer ETF – November during the first quarter valued at $8,910,000. Institutional investors and hedge funds own 33.15% of the company’s stock.

About Innovator International Developed Power Buffer ETF – November

The Innovator International Developed Power Buffer ETF November (INOV) 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 November 1. The actively-managed fund utilizes FLEX options and collateral. INOV was launched on Nov 1, 2023 and is issued by Innovator.