Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Short Interest Update

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 19,033 shares, an increase of 96.5% from the May 31st total of 9,684 shares. Based on an average trading volume of 5,639 shares, the short-interest ratio is currently 3.4 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. raised its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 30.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 341,300 shares of the company’s stock worth $11,870,000 after acquiring an additional 78,942 shares in the last quarter. AE Wealth Management LLC boosted its position in Innovator Power Buffer Step-Up Strategy ETF by 71.1% during the fourth quarter. AE Wealth Management LLC now owns 109,901 shares of the company’s stock valued at $3,885,000 after purchasing an additional 45,655 shares in the last quarter. Addison Capital Co purchased a new position in Innovator Power Buffer Step-Up Strategy ETF in the first quarter valued at about $917,000. FSA Advisors Inc. purchased a new position in Innovator Power Buffer Step-Up Strategy ETF in the fourth quarter valued at about $750,000. Finally, Susquehanna International Group LLP bought a new position in Innovator Power Buffer Step-Up Strategy ETF in the third quarter worth about $532,000.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

Shares of Innovator Power Buffer Step-Up Strategy ETF stock opened at $36.73 on Friday. The company has a market cap of $132.23 million, a price-to-earnings ratio of 24.87 and a beta of 0.52. The company’s 50 day moving average is $36.46 and its 200 day moving average is $35.71. Innovator Power Buffer Step-Up Strategy ETF has a twelve month low of $33.12 and a twelve month high of $37.01.

About Innovator Power Buffer Step-Up Strategy ETF

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.