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

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

Institutional Trading of Innovator Power Buffer Step-Up Strategy ETF

A number of large investors have recently added to or reduced their stakes in PSTP. Sunbelt Securities Inc. increased its stake in 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 during the last quarter. AE Wealth Management LLC increased its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 71.1% during the 4th 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 during the last quarter. Addison Capital Co bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the 1st quarter valued at approximately $917,000. FSA Advisors Inc. bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the 4th quarter valued at approximately $750,000. Finally, Susquehanna International Group LLP bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the 3rd quarter valued at approximately $532,000.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

NYSEARCA:PSTP traded up $0.26 during trading hours on Monday, reaching $36.82. The stock had a trading volume of 677 shares, compared to its average volume of 12,278. Innovator Power Buffer Step-Up Strategy ETF has a 52 week low of $32.67 and a 52 week high of $37.01. The company has a 50 day moving average price of $36.10 and a two-hundred day moving average price of $35.56. The stock has a market capitalization of $130.71 million, a PE ratio of 24.87 and a beta of 0.52.

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.