Innovator U.S. Equity Ultra Buffer ETF – May (BATS:UMAY) Short Interest Update

Innovator U.S. Equity Ultra Buffer ETF – May (BATS:UMAY) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 53,026 shares, a decrease of 44.8% from the May 14th total of 96,058 shares. Based on an average trading volume of 248,916 shares, the days-to-cover ratio is currently 0.2 days. Approximately 3.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UMAY. Raymond James Financial Inc. grew its stake in Innovator U.S. Equity Ultra Buffer ETF – May by 69.4% during the 2nd quarter. Raymond James Financial Inc. now owns 27,056 shares of the company’s stock worth $940,000 after buying an additional 11,088 shares during the last quarter. MML Investors Services LLC grew its stake in Innovator U.S. Equity Ultra Buffer ETF – May by 216.8% during the 2nd quarter. MML Investors Services LLC now owns 21,583 shares of the company’s stock worth $750,000 after buying an additional 14,770 shares during the last quarter. Bedel Financial Consulting Inc. purchased a new position in Innovator U.S. Equity Ultra Buffer ETF – May during the 3rd quarter worth approximately $205,000. Focus Partners Advisor Solutions LLC grew its stake in Innovator U.S. Equity Ultra Buffer ETF – May by 100.0% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 14,710 shares of the company’s stock worth $531,000 after buying an additional 7,355 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake in Innovator U.S. Equity Ultra Buffer ETF – May by 142.4% during the 3rd quarter. Susquehanna International Group LLP now owns 39,006 shares of the company’s stock worth $1,399,000 after buying an additional 22,917 shares during the last quarter.

Innovator U.S. Equity Ultra Buffer ETF – May Stock Performance

UMAY opened at $38.05 on Tuesday. Innovator U.S. Equity Ultra Buffer ETF – May has a one year low of $34.38 and a one year high of $38.16. The company has a market cap of $66.59 million, a P/E ratio of 24.88 and a beta of 0.39. The business’s 50-day simple moving average is $37.57 and its 200-day simple moving average is $36.96.

About Innovator U.S. Equity Ultra Buffer ETF – May

The Innovator S&P 500 Ultra Buffer ETF – May (UMAY) is an exchange-traded fund that is based on the S&P 500 Price Return index. The fund aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. UMAY was launched on May 1, 2020 and is managed by Innovator.