Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Sees Large Increase in Short Interest

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 72,808 shares, a growth of 484.0% from the October 15th total of 12,467 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 136,794 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – November

A number of large investors have recently bought and sold shares of PNOV. Brookstone Capital Management bought a new position in Innovator U.S. Equity Power Buffer ETF – November in the 3rd quarter valued at about $22,469,000. Commonwealth Equity Services LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November during the 3rd quarter worth approximately $12,297,000. HighTower Advisors LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November during the 3rd quarter worth approximately $11,953,000. Lido Advisors LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November during the 3rd quarter worth approximately $9,406,000. Finally, Diligent Investors LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – November in the third quarter valued at approximately $1,993,000.

Innovator U.S. Equity Power Buffer ETF – November Stock Performance

PNOV opened at $45.50 on Wednesday. Innovator U.S. Equity Power Buffer ETF – November has a 52-week low of $40.09 and a 52-week high of $46.39. The firm has a market cap of $816.73 million, a P/E ratio of 24.05 and a beta of 0.52. The business’s fifty day moving average is $45.72 and its 200-day moving average is $43.91.

Innovator U.S. Equity Power Buffer ETF – November Company Profile

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) 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. PNOV was launched on Nov 1, 2019 and is managed by Innovator.