Innovator U.S. Equity Ultra Buffer ETF – May (BATS:UMAY) Short Interest Up 2,627.9% in April

Innovator U.S. Equity Ultra Buffer ETF – May (BATS:UMAY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 27,061 shares, an increase of 2,627.9% from the April 15th total of 992 shares. Based on an average daily volume of 17,756 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.5% of the company’s stock are sold short.

Institutional Trading of Innovator U.S. Equity Ultra Buffer ETF – May

Several hedge funds have recently modified their holdings of UMAY. Raymond James Financial Inc. raised its stake in shares of Innovator U.S. Equity Ultra Buffer ETF – May by 69.4% in the second quarter. Raymond James Financial Inc. now owns 27,056 shares of the company’s stock valued at $940,000 after acquiring an additional 11,088 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Innovator U.S. Equity Ultra Buffer ETF – May by 216.8% in the second quarter. MML Investors Services LLC now owns 21,583 shares of the company’s stock valued at $750,000 after acquiring an additional 14,770 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – May in the third quarter valued at $468,000. Bedel Financial Consulting Inc. acquired a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – May in the third quarter valued at $205,000. Finally, Focus Partners Advisor Solutions LLC raised its stake in shares of Innovator U.S. Equity Ultra Buffer ETF – May by 100.0% in the third quarter. Focus Partners Advisor Solutions LLC now owns 14,710 shares of the company’s stock valued at $531,000 after acquiring an additional 7,355 shares in the last quarter.

Innovator U.S. Equity Ultra Buffer ETF – May Stock Up 0.0%

Innovator U.S. Equity Ultra Buffer ETF – May stock traded up $0.01 during mid-day trading on Monday, reaching $37.70. 38,907 shares of the company’s stock were exchanged, compared to its average volume of 10,953. The company has a market cap of $65.98 million, a P/E ratio of 24.88 and a beta of 0.39. Innovator U.S. Equity Ultra Buffer ETF – May has a twelve month low of $33.87 and a twelve month high of $37.76. The company has a fifty day moving average of $37.00 and a 200-day moving average of $36.62.

Innovator U.S. Equity Ultra Buffer ETF – May Company Profile

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