Innovator U.S. Small Cap Power Buffer ETF – April (BATS:KAPR) Sees Large Growth in Short Interest

Innovator U.S. Small Cap Power Buffer ETF – April (BATS:KAPR) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 43,311 shares, an increase of 366.4% from the June 30th total of 9,287 shares. Based on an average daily volume of 11,665 shares, the days-to-cover ratio is currently 3.7 days. Currently, 0.8% of the shares of the stock are sold short.

Innovator U.S. Small Cap Power Buffer ETF – April Price Performance

KAPR stock traded up $0.11 during midday trading on Monday, reaching $39.71. The company had a trading volume of 2,974 shares, compared to its average volume of 17,970. The firm has a 50-day moving average price of $39.33 and a 200-day moving average price of $37.47. The company has a market capitalization of $223.57 million, a P/E ratio of 15.76 and a beta of 0.55. Innovator U.S. Small Cap Power Buffer ETF – April has a 1 year low of $32.33 and a 1 year high of $39.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC increased its stake in Innovator U.S. Small Cap Power Buffer ETF – April by 33.4% in the second quarter. CoreCap Advisors LLC now owns 7,145 shares of the company’s stock valued at $284,000 after acquiring an additional 1,790 shares during the last quarter. Noble Wealth Management PBC lifted its stake in Innovator U.S. Small Cap Power Buffer ETF – April by 730.8% during the second quarter. Noble Wealth Management PBC now owns 1,080 shares of the company’s stock worth $43,000 after purchasing an additional 950 shares during the last quarter. Cornerstone Wealth LLC TN bought a new stake in Innovator U.S. Small Cap Power Buffer ETF – April during the first quarter worth about $287,000. Assetmark Inc. bought a new stake in Innovator U.S. Small Cap Power Buffer ETF – April during the first quarter worth about $25,000. Finally, Caliber Wealth Management LLC KS purchased a new position in shares of Innovator U.S. Small Cap Power Buffer ETF – April in the 1st quarter worth about $206,000.

About Innovator U.S. Small Cap Power Buffer ETF – April

The Innovator Russell 2000 Power Buffer ETF – April (KAPR) is an exchange-traded fund that is based on the Russell 2000 index. The fund aims for specific buffered losses and capped gains on the Russell 2000 over a specific holdings period. The actively-managed fund holds options and collateral. KAPR was launched on Apr 1, 2020 and is managed by Innovator.