Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Sees Large Decline in Short Interest

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 2,796 shares, a drop of 89.0% from the April 15th total of 25,464 shares. Based on an average daily volume of 7,594 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

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

Several hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. grew its position in Innovator Buffer Step-Up Strategy ETF by 13.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 258,902 shares of the company’s stock worth $9,416,000 after acquiring an additional 31,330 shares during the last quarter. FSA Advisors Inc. grew its position in Innovator Buffer Step-Up Strategy ETF by 160.5% during the 4th quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock worth $626,000 after acquiring an additional 10,383 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in Innovator Buffer Step-Up Strategy ETF by 13.3% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 74,611 shares of the company’s stock worth $2,714,000 after acquiring an additional 8,743 shares during the last quarter. OLD Mission Capital LLC grew its position in Innovator Buffer Step-Up Strategy ETF by 55.3% during the 4th quarter. OLD Mission Capital LLC now owns 21,618 shares of the company’s stock worth $803,000 after acquiring an additional 7,701 shares during the last quarter. Finally, D.B. Root & Company LLC grew its position in Innovator Buffer Step-Up Strategy ETF by 2.8% during the 4th quarter. D.B. Root & Company LLC now owns 221,970 shares of the company’s stock worth $8,242,000 after acquiring an additional 6,138 shares during the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Down 0.5%

Shares of BSTP traded down $0.20 during midday trading on Tuesday, hitting $38.66. The company’s stock had a trading volume of 5,150 shares, compared to its average volume of 6,063. Innovator Buffer Step-Up Strategy ETF has a one year low of $33.06 and a one year high of $38.99. The company’s fifty day simple moving average is $37.16 and its two-hundred day simple moving average is $37.10. The stock has a market capitalization of $58.76 million, a price-to-earnings ratio of 23.53 and a beta of 0.70.

About Innovator Buffer Step-Up Strategy ETF

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