Short Interest in Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Expands By 602.0%

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 38,897 shares, a growth of 602.0% from the August 15th total of 5,541 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 41,296 shares, the days-to-cover ratio is presently 0.9 days.

Innovator U.S. Equity Power Buffer ETF – November Price Performance

BATS PNOV opened at $45.44 on Friday. The company has a market capitalization of $767.03 million, a PE ratio of 24.05 and a beta of 0.45. The company has a fifty day moving average of $44.98 and a 200 day moving average of $43.62. Innovator U.S. Equity Power Buffer ETF – November has a 1 year low of $40.09 and a 1 year high of $46.13.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – November

A number of institutional investors have recently modified their holdings of the stock. Tucker Asset Management LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November in the fourth quarter worth about $44,000. Garton & Associates Financial Advisors LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – November during the fourth quarter valued at approximately $104,000. EP Wealth Advisors LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – November during the second quarter valued at approximately $120,000. Creative Financial Designs Inc. ADV lifted its holdings in Innovator U.S. Equity Power Buffer ETF – November by 26.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,900 shares of the company’s stock valued at $121,000 after acquiring an additional 600 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – November in the fourth quarter valued at approximately $125,000.

About Innovator U.S. Equity Power Buffer ETF – November

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) 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. PNOV was launched on Nov 1, 2019 and is managed by Innovator.