Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Sees Significant Growth in Short Interest

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 9,684 shares, a growth of 104.6% from the May 14th total of 4,732 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 9,423 shares, the short-interest ratio is currently 1.0 days.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

NYSEARCA:PSTP traded up $0.10 during trading hours on Friday, hitting $36.56. 2,081 shares of the company’s stock traded hands, compared to its average volume of 12,280. The firm has a market cap of $129.79 million, a P/E ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a twelve month low of $32.67 and a twelve month high of $37.01. The stock’s fifty day moving average price is $36.10 and its two-hundred day moving average price is $35.56.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. FSA Advisors Inc. acquired a new position in Innovator Power Buffer Step-Up Strategy ETF during the fourth quarter valued at $750,000. AE Wealth Management LLC increased its position in Innovator Power Buffer Step-Up Strategy ETF by 71.1% in the 4th quarter. AE Wealth Management LLC now owns 109,901 shares of the company’s stock worth $3,885,000 after purchasing an additional 45,655 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 30.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 341,300 shares of the company’s stock worth $11,870,000 after purchasing an additional 78,942 shares in the last quarter. COFG Advisors LLC purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF during the 4th quarter worth about $315,000. Finally, HighTower Advisors LLC raised its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 0.4% during the 4th quarter. HighTower Advisors LLC now owns 219,506 shares of the company’s stock worth $7,759,000 after purchasing an additional 925 shares in the last quarter.

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.