Innovator U.S. Equity Accelerated 9 Buffer ETF – April (BATS:XBAP) Stock Short Interest Jumps 111.5%

Innovator U.S. Equity Accelerated 9 Buffer ETF – April (BATS:XBAP) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 10,081 shares, an increase of 111.5% from the August 31st total of 4,766 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,282 shares, the days-to-cover ratio is presently 1.9 days.

Innovator U.S. Equity Accelerated 9 Buffer ETF – April Stock Down 0.0%

BATS XBAP opened at $43.01 on Wednesday. The company has a 50-day moving average price of $42.63 and a 200-day moving average price of $41.59. Innovator U.S. Equity Accelerated 9 Buffer ETF – April has a 52 week low of $37.72 and a 52 week high of $43.10. The firm has a market capitalization of $298.06 million, a P/E ratio of 24.65 and a beta of 0.54.

Institutional Trading of Innovator U.S. Equity Accelerated 9 Buffer ETF – April

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XBAP. Lido Advisors LLC purchased a new position in shares of Innovator U.S. Equity Accelerated 9 Buffer ETF – April during the 4th quarter worth $40,960,000. Sonoma Allocations LLC bought a new position in Innovator U.S. Equity Accelerated 9 Buffer ETF – April in the 1st quarter worth $1,214,000. HighTower Advisors LLC raised its holdings in Innovator U.S. Equity Accelerated 9 Buffer ETF – April by 41.9% in the 4th quarter. HighTower Advisors LLC now owns 28,180 shares of the company’s stock worth $1,090,000 after purchasing an additional 8,320 shares during the period. Envestnet Asset Management Inc. lifted its position in Innovator U.S. Equity Accelerated 9 Buffer ETF – April by 21.2% during the second quarter. Envestnet Asset Management Inc. now owns 32,865 shares of the company’s stock valued at $1,379,000 after purchasing an additional 5,747 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in Innovator U.S. Equity Accelerated 9 Buffer ETF – April by 59.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 11,307 shares of the company’s stock valued at $437,000 after purchasing an additional 4,237 shares in the last quarter.

Innovator U.S. Equity Accelerated 9 Buffer ETF – April Company Profile

The Innovator U.S. Equity Accelerated 9 Buffer ETFTM – April (XBAP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for 2x the price return of the SPDR S&P 500 ETF (SPY), subject to an upside return cap and downside buffer over a specific holdings period. XBAP was launched on Apr 1, 2021 and is managed by Innovator.