Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Short Interest Up 119.0% in May

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 6,122 shares, a growth of 119.0% from the April 30th total of 2,796 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 5,528 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Innovator Buffer Step-Up Strategy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. bought a new stake in Innovator Buffer Step-Up Strategy ETF during the 3rd quarter valued at $47,000. Allworth Financial LP increased its stake in Innovator Buffer Step-Up Strategy ETF by 70.6% during the 3rd quarter. Allworth Financial LP now owns 2,054 shares of the company’s stock valued at $75,000 after purchasing an additional 850 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Innovator Buffer Step-Up Strategy ETF during the 4th quarter valued at $172,000. Captrust Financial Advisors bought a new stake in Innovator Buffer Step-Up Strategy ETF during the 2nd quarter valued at $206,000. Finally, FSA Advisors Inc. increased its stake 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 valued at $626,000 after purchasing an additional 10,383 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Up 0.2%

BSTP stock traded up $0.09 during midday trading on Friday, reaching $39.46. 5,686 shares of the company’s stock traded hands, compared to its average volume of 5,810. The company has a market cap of $59.98 million, a price-to-earnings ratio of 23.53 and a beta of 0.70. The firm’s fifty day moving average price is $37.76 and its 200-day moving average price is $37.32. Innovator Buffer Step-Up Strategy ETF has a 52 week low of $33.34 and a 52 week high of $39.46.

Innovator Buffer Step-Up Strategy ETF Company Profile

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.