Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Sees Large Decrease in Short Interest

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 6,095 shares, a decrease of 54.0% from the September 15th total of 13,260 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 4,521 shares, the days-to-cover ratio is currently 1.3 days.

Innovator Buffer Step-Up Strategy ETF Stock Down 0.0%

NYSEARCA:BSTP traded down $0.01 during trading hours on Tuesday, reaching $40.67. The company had a trading volume of 1,140 shares, compared to its average volume of 4,645. The firm has a market cap of $60.19 million, a price-to-earnings ratio of 23.53 and a beta of 0.69. The business’s 50-day simple moving average is $40.22 and its two-hundred day simple moving average is $39.15. Innovator Buffer Step-Up Strategy ETF has a twelve month low of $35.22 and a twelve month high of $40.73.

Hedge Funds Weigh In On Innovator Buffer Step-Up Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC boosted its holdings in Innovator Buffer Step-Up Strategy ETF by 3.8% in the second quarter. Citadel Advisors LLC now owns 7,927 shares of the company’s stock worth $312,000 after acquiring an additional 291 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings 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 valued at $2,720,000 after acquiring an additional 1,122 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 25.8% during the first quarter. Kestra Advisory Services LLC now owns 5,842 shares of the company’s stock valued at $210,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the first quarter valued at approximately $2,288,000.

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.