Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Sees Large Increase in Short Interest

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 14,466 shares, a growth of 135.3% from the July 30th total of 6,147 shares. Based on an average trading volume of 2,647 shares, the days-to-cover ratio is currently 5.5 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cetera Investment Advisers bought a new position in shares of Innovator Buffer Step-Up Strategy ETF in the first quarter worth approximately $2,288,000. FSA Advisors Inc. increased its position in shares of Innovator Buffer Step-Up Strategy ETF by 160.5% during the fourth quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock valued at $626,000 after acquiring an additional 10,383 shares in the last quarter. OLD Mission Capital LLC increased its position in shares of Innovator Buffer Step-Up Strategy ETF by 55.3% during the fourth quarter. OLD Mission Capital LLC now owns 21,618 shares of the company’s stock valued at $803,000 after acquiring an additional 7,701 shares in the last quarter. D.B. Root & Company LLC raised its holdings in Innovator Buffer Step-Up Strategy ETF by 2.8% in the 4th quarter. D.B. Root & Company LLC now owns 221,970 shares of the company’s stock worth $8,242,000 after acquiring an additional 6,138 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in Innovator Buffer Step-Up Strategy ETF in the 2nd quarter worth approximately $206,000.

Innovator Buffer Step-Up Strategy ETF Stock Performance

Shares of BSTP traded down $0.04 during trading hours on Friday, hitting $40.23. The company had a trading volume of 2,772 shares, compared to its average volume of 4,933. The stock has a market capitalization of $122.70 million, a price-to-earnings ratio of 23.53 and a beta of 0.69. The firm has a fifty day moving average price of $39.59 and a 200-day moving average price of $38.41. Innovator Buffer Step-Up Strategy ETF has a 52-week low of $35.22 and a 52-week high of $40.44.

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.