Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Shares Shorted: Short Interest Down 80.8% in October

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 1,171 shares, a decrease of 80.8% from the September 30th total of 6,095 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,370 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Innovator Buffer Step-Up Strategy ETF

Hedge funds have recently made changes to their positions in the business. Brookstone Capital Management bought a new stake in Innovator Buffer Step-Up Strategy ETF during the third quarter worth approximately $1,109,000. Citadel Advisors LLC raised its position in Innovator Buffer Step-Up Strategy ETF by 3.8% during the second quarter. Citadel Advisors LLC now owns 7,927 shares of the company’s stock valued at $312,000 after purchasing an additional 291 shares during the period. Cetera Investment Advisers bought a new stake in shares of Innovator Buffer Step-Up Strategy ETF in the 1st quarter valued at approximately $2,288,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of Innovator Buffer Step-Up Strategy ETF by 25.8% in the 1st quarter. Kestra Advisory Services LLC now owns 5,842 shares of the company’s stock valued at $210,000 after purchasing an additional 1,198 shares during the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Up 0.5%

BSTP stock opened at $40.23 on Tuesday. Innovator Buffer Step-Up Strategy ETF has a 52 week low of $35.22 and a 52 week high of $40.73. The company has a fifty day simple moving average of $40.24 and a two-hundred day simple moving average of $38.69. The firm has a market capitalization of $118.68 million, a P/E ratio of 23.53 and a beta of 0.69.

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.