Innovator U.S. Small Cap Power Buffer ETF – July (BATS:KJUL) Sees Significant Drop in Short Interest

Innovator U.S. Small Cap Power Buffer ETF – July (BATS:KJUL) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 84,588 shares, a drop of 67.6% from the July 30th total of 261,113 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average trading volume of 28,318 shares, the short-interest ratio is presently 3.0 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in shares of Innovator U.S. Small Cap Power Buffer ETF – July in the 3rd quarter valued at about $116,000. Allworth Financial LP increased its position in Innovator U.S. Small Cap Power Buffer ETF – July by 9.6% during the fourth quarter. Allworth Financial LP now owns 7,164 shares of the company’s stock worth $227,000 after buying an additional 629 shares during the last quarter. World Investment Advisors acquired a new position in Innovator U.S. Small Cap Power Buffer ETF – July during the fourth quarter worth approximately $320,000. Envestnet Asset Management Inc. raised its stake in Innovator U.S. Small Cap Power Buffer ETF – July by 12.5% in the third quarter. Envestnet Asset Management Inc. now owns 17,386 shares of the company’s stock valued at $538,000 after buying an additional 1,931 shares during the period. Finally, MML Investors Services LLC lifted its position in shares of Innovator U.S. Small Cap Power Buffer ETF – July by 19.9% in the fourth quarter. MML Investors Services LLC now owns 22,268 shares of the company’s stock valued at $706,000 after buying an additional 3,691 shares during the last quarter.

Innovator U.S. Small Cap Power Buffer ETF – July Stock Down 0.1%

KJUL opened at $34.09 on Thursday. The stock has a market cap of $139.77 million, a P/E ratio of 15.99 and a beta of 0.57. Innovator U.S. Small Cap Power Buffer ETF – July has a 12 month low of $30.32 and a 12 month high of $35.28. The company has a fifty day simple moving average of $33.90 and a 200 day simple moving average of $33.25.

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

The Innovator Russell 2000 Power Buffer ETF – July (KJUL) 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. KJUL was launched on Jul 1, 2020 and is managed by Innovator.