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

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,392 shares, a decrease of 76.2% from the May 31st total of 5,841 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 3,546 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Innovator Buffer Step-Up Strategy ETF by 1.1% during the third quarter. Envestnet Asset Management Inc. now owns 26,902 shares of the company’s stock valued at $978,000 after acquiring an additional 280 shares during the period. Capital Investment Advisory Services LLC boosted its stake in shares of Innovator Buffer Step-Up Strategy ETF by 1.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 36,294 shares of the company’s stock worth $1,348,000 after acquiring an additional 528 shares during the period. Signature Estate & Investment Advisors LLC grew its position in shares of Innovator Buffer Step-Up Strategy ETF by 4.5% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 19,335 shares of the company’s stock worth $718,000 after purchasing an additional 829 shares in the last quarter. Allworth Financial LP grew its position in shares of Innovator Buffer Step-Up Strategy ETF by 70.6% during the third quarter. Allworth Financial LP now owns 2,054 shares of the company’s stock worth $75,000 after purchasing an additional 850 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in shares of Innovator Buffer Step-Up Strategy ETF by 1.5% during the first quarter. Nations Financial Group Inc. IA ADV now owns 75,524 shares of the company’s stock worth $2,720,000 after purchasing an additional 1,122 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Price Performance

Shares of NYSEARCA BSTP opened at $38.77 on Friday. The firm has a fifty day moving average price of $38.81 and a 200-day moving average price of $37.67. The stock has a market cap of $58.93 million, a PE ratio of 23.53 and a beta of 0.69. Innovator Buffer Step-Up Strategy ETF has a 1 year low of $34.34 and a 1 year high of $39.55.

Innovator Buffer Step-Up Strategy ETF Company Profile

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.