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

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 11,158 shares, a decline of 35.4% from the January 29th total of 17,276 shares. Based on an average daily volume of 7,860 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.7% of the company’s stock are short sold. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 7,860 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of Innovator Buffer Step-Up Strategy ETF

A number of hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in Innovator Buffer Step-Up Strategy ETF by 1.1% during the third quarter. Envestnet Asset Management Inc. now owns 26,902 shares of the company’s stock valued at $978,000 after acquiring an additional 280 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 0.9% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 35,766 shares of the company’s stock valued at $1,301,000 after purchasing an additional 302 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 4.5% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 19,335 shares of the company’s stock valued at $718,000 after purchasing an additional 829 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Innovator Buffer Step-Up Strategy ETF by 70.6% in 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 during the last quarter. Finally, Principal Securities Inc. boosted its holdings in Innovator Buffer Step-Up Strategy ETF by 6.3% in the fourth quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock worth $701,000 after purchasing an additional 1,127 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Down 0.3%

Shares of Innovator Buffer Step-Up Strategy ETF stock traded down $0.12 during midday trading on Friday, hitting $37.31. The company’s stock had a trading volume of 16,444 shares, compared to its average volume of 6,358. Innovator Buffer Step-Up Strategy ETF has a 1-year low of $29.54 and a 1-year high of $38.13. The firm has a market capitalization of $56.71 million, a P/E ratio of 23.53 and a beta of 0.71. The stock has a 50-day simple moving average of $37.37 and a 200-day simple moving average of $36.68.

About Innovator Buffer Step-Up Strategy ETF

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.