Short Interest in Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Declines By 58.7%

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 56,109 shares, a decline of 58.7% from the May 31st total of 136,006 shares. Based on an average daily trading volume, of 113,764 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short.

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

Shares of PMAY stock opened at $40.89 on Monday. Innovator U.S. Equity Power Buffer ETF – May has a 1-year low of $37.63 and a 1-year high of $41.51. The stock has a market cap of $688.18 million, a price-to-earnings ratio of 23.79 and a beta of 0.44. The stock has a 50-day moving average of $40.96 and a 200-day moving average of $40.20.

Institutional Trading of Innovator U.S. Equity Power Buffer ETF – May

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,112 shares of the company’s stock worth $495,000 after purchasing an additional 2,940 shares during the period. Cresset Asset Management LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – May during the second quarter worth $406,000. Cerity Partners LLC lifted its holdings in Innovator U.S. Equity Power Buffer ETF – May by 20.9% in the second quarter. Cerity Partners LLC now owns 18,500 shares of the company’s stock valued at $699,000 after buying an additional 3,200 shares during the period. NewEdge Advisors LLC lifted its holdings in Innovator U.S. Equity Power Buffer ETF – May by 52.2% in the second quarter. NewEdge Advisors LLC now owns 15,123 shares of the company’s stock valued at $571,000 after buying an additional 5,188 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Innovator U.S. Equity Power Buffer ETF – May by 28.2% during the second quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after acquiring an additional 779,446 shares during the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.