Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Sees Significant Growth in Short Interest

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 9,684 shares, a growth of 104.6% from the May 14th total of 4,732 shares. Based on an average daily trading volume, of 9,423 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

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

Several hedge funds have recently modified their holdings of the stock. OFC Financial Planning LLC lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 1.2% during the fourth quarter. OFC Financial Planning LLC now owns 30,607 shares of the company’s stock valued at $1,082,000 after purchasing an additional 359 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 30.2% during the fourth quarter. Capital Investment Advisory Services LLC now owns 2,296 shares of the company’s stock valued at $81,000 after purchasing an additional 532 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 219,506 shares of the company’s stock valued at $7,759,000 after purchasing an additional 925 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 1.5% during the third quarter. Envestnet Asset Management Inc. now owns 68,695 shares of the company’s stock valued at $2,389,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Evolution Wealth Management Inc. lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 2.6% during the first quarter. Evolution Wealth Management Inc. now owns 43,392 shares of the company’s stock valued at $1,496,000 after purchasing an additional 1,091 shares during the last quarter.

Innovator Power Buffer Step-Up Strategy ETF Trading Up 0.3%

PSTP stock traded up $0.10 during trading hours on Friday, hitting $36.56. 2,081 shares of the stock traded hands, compared to its average volume of 12,280. Innovator Power Buffer Step-Up Strategy ETF has a one year low of $32.67 and a one year high of $37.01. The company has a market cap of $129.79 million, a P/E ratio of 24.87 and a beta of 0.52. The stock has a 50-day simple moving average of $36.10 and a 200 day simple moving average of $35.56.

Innovator Power Buffer Step-Up Strategy ETF Company Profile

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.