Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Sees Large Decline in Short Interest

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 3,516 shares, a decline of 81.5% from the June 15th total of 19,033 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 10,314 shares, the short-interest ratio is currently 0.3 days.

Innovator Power Buffer Step-Up Strategy ETF Stock Up 0.2%

Shares of PSTP traded up $0.07 on Friday, hitting $36.95. 9,801 shares of the stock traded hands, compared to its average volume of 12,005. The firm has a market capitalization of $133.02 million, a P/E ratio of 24.87 and a beta of 0.52. The stock’s 50 day moving average is $36.58 and its two-hundred day moving average is $35.78. Innovator Power Buffer Step-Up Strategy ETF has a 1 year low of $33.12 and a 1 year high of $37.01.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF during the first quarter worth $238,000. Osaic Holdings Inc. lifted its position in Innovator Power Buffer Step-Up Strategy ETF by 5.0% during the second quarter. Osaic Holdings Inc. now owns 32,340 shares of the company’s stock worth $1,079,000 after buying an additional 1,543 shares during the period. JPMorgan Chase & Co. lifted its position in Innovator Power Buffer Step-Up Strategy ETF by 2,234.3% during the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the company’s stock worth $267,000 after buying an additional 7,351 shares during the period. Citadel Advisors LLC acquired a new stake in Innovator Power Buffer Step-Up Strategy ETF in the 3rd quarter worth about $289,000. Finally, Susquehanna International Group LLP acquired a new stake in Innovator Power Buffer Step-Up Strategy ETF in the 3rd quarter worth about $532,000.

About Innovator Power Buffer Step-Up Strategy ETF

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.