Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Sees Large Increase in Short Interest

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 16,752 shares, a growth of 297.5% from the July 30th total of 4,214 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 15,054 shares, the short-interest ratio is presently 1.1 days.

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

Shares of BATS PMAY opened at $42.19 on Friday. Innovator U.S. Equity Power Buffer ETF – May has a 1 year low of $38.30 and a 1 year high of $42.26. The company’s 50-day moving average is $41.61 and its 200 day moving average is $40.84. The stock has a market capitalization of $710.06 million, a P/E ratio of 23.79 and a beta of 0.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,112 shares of the company’s stock valued at $495,000 after purchasing an additional 2,940 shares during the period. Cresset Asset Management LLC purchased a new stake in Innovator U.S. Equity Power Buffer ETF – May in the second quarter worth $406,000. Cerity Partners LLC grew its stake in Innovator U.S. Equity Power Buffer ETF – May by 20.9% in the second quarter. Cerity Partners LLC now owns 18,500 shares of the company’s stock worth $699,000 after purchasing an additional 3,200 shares during the period. NewEdge Advisors LLC grew its stake in Innovator U.S. Equity Power Buffer ETF – May by 52.2% in the second quarter. NewEdge Advisors LLC now owns 15,123 shares of the company’s stock worth $571,000 after purchasing an additional 5,188 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Innovator U.S. Equity Power Buffer ETF – May by 28.2% in the second quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock worth $133,998,000 after purchasing an additional 779,446 shares in the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.