Short Interest in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Expands By 794.5%

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 8,185 shares, a growth of 794.5% from the June 30th total of 915 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 4,204 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On Innovator Buffer Step-Up Strategy ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. D.B. Root & Company LLC increased its holdings in Innovator Buffer Step-Up Strategy ETF by 2.8% in the fourth quarter. D.B. Root & Company LLC now owns 221,970 shares of the company’s stock worth $8,242,000 after purchasing an additional 6,138 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in Innovator Buffer Step-Up Strategy ETF by 1.5% in the first quarter. Nations Financial Group Inc. IA ADV now owns 75,524 shares of the company’s stock valued at $2,720,000 after buying an additional 1,122 shares during the period. Cetera Investment Advisers acquired a new position in Innovator Buffer Step-Up Strategy ETF in the first quarter valued at approximately $2,288,000. Capital Investment Advisory Services LLC boosted its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 1.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 36,294 shares of the company’s stock worth $1,348,000 after buying an additional 528 shares in the last quarter. Finally, OFC Financial Planning LLC boosted its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 6.2% during the 4th quarter. OFC Financial Planning LLC now owns 31,892 shares of the company’s stock worth $1,184,000 after buying an additional 1,849 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Trading Up 0.1%

Shares of Innovator Buffer Step-Up Strategy ETF stock opened at $39.11 on Friday. The business has a 50-day moving average price of $39.20 and a two-hundred day moving average price of $37.99. Innovator Buffer Step-Up Strategy ETF has a 1-year low of $34.59 and a 1-year high of $39.65. The company has a market cap of $59.45 million, a P/E ratio of 23.53 and a beta of 0.69.

About Innovator Buffer Step-Up Strategy ETF

The Innovator Buffer Step-Up Strategy ETF (BSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for exposure to the SPDR S&P 500 ETF Trust (SPY) with buffered losses and gains through the active use of FLEX options, rebalanced monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. BSTP was launched on Mar 8, 2022 and is managed by Innovator.