Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Shares Shorted: Short Interest Down 57.1% in October

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,938 shares, a decrease of 57.1% from the September 30th total of 4,522 shares. Based on an average daily volume of 7,919 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Innovator Power Buffer Step-Up Strategy ETF Stock Down 0.9%

NYSEARCA PSTP traded down $0.35 during midday trading on Friday, hitting $37.32. The company had a trading volume of 7,386 shares, compared to its average volume of 9,958. The stock has a market cap of $132.49 million, a price-to-earnings ratio of 24.87 and a beta of 0.52. The firm has a fifty day simple moving average of $37.53 and a two-hundred day simple moving average of $36.41. Innovator Power Buffer Step-Up Strategy ETF has a fifty-two week low of $33.69 and a fifty-two week high of $37.91.

Institutional Investors Weigh In On Innovator Power Buffer Step-Up Strategy ETF

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in Innovator Power Buffer Step-Up Strategy ETF by 6.6% during the first quarter. Cetera Investment Advisers now owns 133,520 shares of the company’s stock worth $4,602,000 after buying an additional 8,324 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Innovator Power Buffer Step-Up Strategy ETF by 10.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 76,628 shares of the company’s stock valued at $2,819,000 after acquiring an additional 6,986 shares in the last quarter. Evolution Wealth Management Inc. raised its holdings in Innovator Power Buffer Step-Up Strategy ETF by 2.6% in the 1st quarter. Evolution Wealth Management Inc. now owns 43,392 shares of the company’s stock valued at $1,496,000 after acquiring an additional 1,091 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Innovator Power Buffer Step-Up Strategy ETF by 10.6% in the 1st quarter. Kestra Advisory Services LLC now owns 31,273 shares of the company’s stock valued at $1,078,000 after acquiring an additional 2,985 shares in the last quarter. Finally, Addison Capital Co bought a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the 1st quarter worth approximately $917,000.

About Innovator Power Buffer Step-Up Strategy ETF

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.