Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Sees Large Drop in Short Interest

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,877 shares, a decrease of 58.0% from the May 14th total of 4,474 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 117,481 shares, the days-to-cover ratio is presently 0.0 days.

Innovator U.S. Equity Power Buffer ETF – November Trading Up 0.3%

PNOV stock opened at $44.04 on Friday. The company has a market capitalization of $743.40 million, a P/E ratio of 24.05 and a beta of 0.45. Innovator U.S. Equity Power Buffer ETF – November has a twelve month low of $38.67 and a twelve month high of $46.13. The business has a 50 day simple moving average of $43.32 and a 200-day simple moving average of $42.29.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – November

Several large investors have recently modified their holdings of the company. Brookstone Capital Management raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 971.4% during the fourth quarter. Brookstone Capital Management now owns 1,247,662 shares of the company’s stock worth $52,127,000 after purchasing an additional 1,131,213 shares during the last quarter. Diligent Investors LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 95.5% during the fourth quarter. Diligent Investors LLC now owns 43,982 shares of the company’s stock worth $1,838,000 after purchasing an additional 21,482 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 89.1% during the third quarter. Focus Partners Advisor Solutions LLC now owns 71,392 shares of the company’s stock worth $2,963,000 after purchasing an additional 33,647 shares during the last quarter. Chris Bulman Inc raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 102.5% during the fourth quarter. Chris Bulman Inc now owns 42,067 shares of the company’s stock worth $1,758,000 after purchasing an additional 21,294 shares during the last quarter. Finally, Blue Water Asset Management purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November during the fourth quarter worth approximately $726,000.

About Innovator U.S. Equity Power Buffer ETF – November

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) 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. PNOV was launched on Nov 1, 2019 and is managed by Innovator.