Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) Stock Short Interest Rises 173.7%

Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 142,849 shares, a growth of 173.7% from the September 30th total of 52,194 shares. Based on an average daily volume of 307,774 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. MTM Financial Group LLC boosted its position in Innovator U.S. Equity Power Buffer ETF – October by 0.5% during the first quarter. MTM Financial Group LLC now owns 69,222 shares of the company’s stock worth $2,984,000 after acquiring an additional 354 shares during the last quarter. Elmwood Wealth Management Inc. increased its holdings in shares of Innovator U.S. Equity Power Buffer ETF – October by 3.3% during the 2nd quarter. Elmwood Wealth Management Inc. now owns 12,605 shares of the company’s stock worth $585,000 after buying an additional 400 shares during the last quarter. Wellington Grp LLC acquired a new stake in Innovator U.S. Equity Power Buffer ETF – October during the first quarter worth $27,000. Apollon Wealth Management LLC increased its position in shares of Innovator U.S. Equity Power Buffer ETF – October by 16.3% during the first quarter. Apollon Wealth Management LLC now owns 6,041 shares of the company’s stock valued at $260,000 after acquiring an additional 845 shares during the last quarter. Finally, Community Financial Services Group LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – October in the second quarter valued at $39,000.

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

Shares of Innovator U.S. Equity Power Buffer ETF – October stock opened at $47.80 on Friday. Innovator U.S. Equity Power Buffer ETF – October has a 1 year low of $42.28 and a 1 year high of $48.54. The firm has a market cap of $959.82 million, a PE ratio of 24.14 and a beta of 0.37. The company has a 50 day simple moving average of $47.83 and a two-hundred day simple moving average of $45.89.

Innovator U.S. Equity Power Buffer ETF – October Company Profile

The Innovator S&P 500 Power Buffer ETF – October (POCT) 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. POCT was launched on Oct 1, 2018 and is managed by Innovator.