Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Stock Short Interest Drops 96.4%

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 42 shares, a decrease of 96.4% from the October 15th total of 1,171 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,104 shares, the days-to-cover ratio is presently 0.0 days.

Innovator Buffer Step-Up Strategy ETF Stock Up 0.6%

Innovator Buffer Step-Up Strategy ETF stock traded up $0.24 during mid-day trading on Thursday, hitting $39.94. 2,965 shares of the stock were exchanged, compared to its average volume of 4,570. Innovator Buffer Step-Up Strategy ETF has a 12 month low of $35.22 and a 12 month high of $40.73. The firm’s fifty day simple moving average is $40.19 and its two-hundred day simple moving average is $38.84. The stock has a market capitalization of $59.11 million, a price-to-earnings ratio of 23.53 and a beta of 0.69.

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

A number of institutional investors have recently modified their holdings of the company. Cetera Investment Advisers bought a new position in Innovator Buffer Step-Up Strategy ETF during the first quarter worth $2,288,000. Brookstone Capital Management bought a new stake in Innovator Buffer Step-Up Strategy ETF during the third quarter valued at $1,109,000. HighTower Advisors LLC bought a new stake in Innovator Buffer Step-Up Strategy ETF during the third quarter valued at $1,050,000. Commonwealth Equity Services LLC bought a new stake in Innovator Buffer Step-Up Strategy ETF during the third quarter valued at $1,037,000. Finally, Citadel Advisors LLC grew its holdings in Innovator Buffer Step-Up Strategy ETF by 3.8% during the 2nd quarter. Citadel Advisors LLC now owns 7,927 shares of the company’s stock worth $312,000 after acquiring an additional 291 shares during the period.

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.