Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 19,033 shares, an increase of 96.5% from the May 31st total of 9,684 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 5,639 shares, the short-interest ratio is currently 3.4 days.
Hedge Funds Weigh In On Innovator Power Buffer Step-Up Strategy ETF
Several institutional investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in Innovator Power Buffer Step-Up Strategy ETF in the third quarter worth $49,000. Capital Investment Advisory Services LLC grew its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 30.2% during the 4th quarter. Capital Investment Advisory Services LLC now owns 2,296 shares of the company’s stock worth $81,000 after acquiring an additional 532 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Innovator Power Buffer Step-Up Strategy ETF in the 1st quarter worth about $238,000. JPMorgan Chase & Co. increased its holdings in Innovator Power Buffer Step-Up Strategy ETF by 2,234.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the company’s stock worth $267,000 after acquiring an additional 7,351 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Innovator Power Buffer Step-Up Strategy ETF in the 3rd quarter valued at about $289,000.
Innovator Power Buffer Step-Up Strategy ETF Stock Performance
PSTP remained flat at $36.73 during midday trading on Thursday. 12,239 shares of the company’s stock were exchanged, compared to its average volume of 12,037. The company has a market capitalization of $132.23 million, a PE ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a 52-week low of $33.12 and a 52-week high of $37.01. The business’s 50-day moving average price is $36.45 and its 200-day moving average price is $35.70.
Innovator Power Buffer Step-Up Strategy ETF Company Profile
The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.
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