Innovator U.S. Equity Ultra Buffer ETF – July (BATS:UJUL) Sees Large Drop in Short Interest

Innovator U.S. Equity Ultra Buffer ETF – July (BATS:UJUL) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 64,648 shares, a drop of 42.3% from the July 15th total of 112,042 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 152,214 shares, the days-to-cover ratio is currently 0.4 days.

Innovator U.S. Equity Ultra Buffer ETF – July Price Performance

UJUL opened at $41.47 on Tuesday. Innovator U.S. Equity Ultra Buffer ETF – July has a fifty-two week low of $37.26 and a fifty-two week high of $41.62. The firm has a market capitalization of $154.68 million, a price-to-earnings ratio of 25.23 and a beta of 0.41. The company’s 50 day moving average price is $40.82 and its two-hundred day moving average price is $39.89.

Hedge Funds Weigh In On Innovator U.S. Equity Ultra Buffer ETF – July

Hedge funds have recently modified their holdings of the business. Talon Private Wealth LLC bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – July during the first quarter worth about $49,000. CoreCap Advisors LLC boosted its holdings in Innovator U.S. Equity Ultra Buffer ETF – July by 9.7% in the second quarter. CoreCap Advisors LLC now owns 2,885 shares of the company’s stock valued at $118,000 after acquiring an additional 256 shares during the last quarter. BFI Wealth Solutions LLC acquired a new stake in Innovator U.S. Equity Ultra Buffer ETF – July during the 4th quarter valued at approximately $219,000. Trek Financial LLC increased its position in Innovator U.S. Equity Ultra Buffer ETF – July by 19.4% during the 4th quarter. Trek Financial LLC now owns 6,707 shares of the company’s stock valued at $260,000 after purchasing an additional 1,090 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in Innovator U.S. Equity Ultra Buffer ETF – July during the 1st quarter worth approximately $272,000.

Innovator U.S. Equity Ultra Buffer ETF – July Company Profile

The Innovator S&P 500 Ultra Buffer ETF — July (UJUL) 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. UJUL was launched on Aug 8, 2018 and is managed by Innovator.