Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Short Interest Up 132.5% in March

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 25,084 shares, a growth of 132.5% from the February 26th total of 10,788 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 6,289 shares, the days-to-cover ratio is currently 4.0 days.

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

Several institutional investors have recently added to or reduced their stakes in BSTP. Assetmark Inc. purchased a new position in Innovator Buffer Step-Up Strategy ETF in the third quarter worth $47,000. Allworth Financial LP increased 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 worth $75,000 after acquiring an additional 850 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Innovator Buffer Step-Up Strategy ETF in the fourth quarter worth $172,000. Captrust Financial Advisors bought a new position in shares of Innovator Buffer Step-Up Strategy ETF during the second quarter valued at $206,000. Finally, FSA Advisors Inc. increased its holdings in Innovator Buffer Step-Up Strategy ETF by 160.5% in the 4th quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock worth $626,000 after buying an additional 10,383 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Performance

Shares of NYSEARCA BSTP opened at $36.28 on Thursday. Innovator Buffer Step-Up Strategy ETF has a 52-week low of $29.54 and a 52-week high of $38.13. The company has a market capitalization of $55.15 million, a P/E ratio of 23.53 and a beta of 0.71. The company’s 50 day moving average price is $37.13 and its 200-day moving average price is $36.83.

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.