Short Interest in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Rises By 24.7%

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 18,666 shares, a growth of 24.7% from the December 31st total of 14,974 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 4,537 shares, the short-interest ratio is currently 4.1 days. Based on an average daily trading volume, of 4,537 shares, the short-interest ratio is currently 4.1 days. Currently, 1.2% of the shares of the company are sold short.

Innovator Buffer Step-Up Strategy ETF Stock Down 0.6%

Shares of BSTP traded down $0.23 during mid-day trading on Wednesday, reaching $37.39. The company had a trading volume of 107 shares, compared to its average volume of 6,045. The stock has a market capitalization of $56.83 million, a P/E ratio of 23.53 and a beta of 0.71. The stock has a 50 day moving average of $37.22 and a two-hundred day moving average of $36.41. Innovator Buffer Step-Up Strategy ETF has a 52-week low of $29.54 and a 52-week high of $38.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Triton Financial Group Inc acquired a new position in shares of Innovator Buffer Step-Up Strategy ETF during the second quarter worth about $1,502,000. Envestnet Asset Management Inc. grew its holdings in Innovator Buffer Step-Up Strategy ETF by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 26,622 shares of the company’s stock worth $920,000 after acquiring an additional 1,612 shares in the last quarter. D.B. Root & Company LLC raised its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 15.7% in the 2nd quarter. D.B. Root & Company LLC now owns 220,024 shares of the company’s stock valued at $7,600,000 after purchasing an additional 29,904 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 1.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 36,294 shares of the company’s stock valued at $1,348,000 after purchasing an additional 528 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Innovator Buffer Step-Up Strategy ETF by 70.6% during the third quarter. Allworth Financial LP now owns 2,054 shares of the company’s stock worth $75,000 after purchasing an additional 850 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Company Profile

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.