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

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 25,084 shares, an increase of 132.5% from the February 26th total of 10,788 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 6,289 shares, the short-interest ratio is presently 4.0 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. OLD Mission Capital LLC increased its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 55.3% during the 4th quarter. OLD Mission Capital LLC now owns 21,618 shares of the company’s stock worth $803,000 after buying an additional 7,701 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Innovator Buffer Step-Up Strategy ETF in the 4th quarter worth about $172,000. Principal Securities Inc. raised its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 6.3% in the 4th quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock worth $701,000 after purchasing an additional 1,127 shares during the period. Signature Estate & Investment Advisors LLC grew its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 4.5% during the 4th 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 during the period. Finally, OFC Financial Planning LLC grew its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 6.2% during the 4th quarter. OFC Financial Planning LLC now owns 31,892 shares of the company’s stock worth $1,184,000 after purchasing an additional 1,849 shares during the period.

Innovator Buffer Step-Up Strategy ETF Trading Down 1.2%

Shares of Innovator Buffer Step-Up Strategy ETF stock traded down $0.43 on Friday, reaching $35.40. 1,006 shares of the stock were exchanged, compared to its average volume of 5,768. The firm has a market capitalization of $53.81 million, a PE ratio of 23.53 and a beta of 0.71. Innovator Buffer Step-Up Strategy ETF has a 1-year low of $29.54 and a 1-year high of $38.13. The business has a fifty day moving average price of $37.06 and a two-hundred day moving average price of $36.82.

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.