Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP – Get Free Report) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,516 shares, a decrease of 81.5% from the June 15th total of 19,033 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 10,314 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On Innovator Power Buffer Step-Up Strategy ETF
A number of institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 5.6% in the fourth quarter. Sunbelt Securities Inc. now owns 360,494 shares of the company’s stock valued at $12,743,000 after purchasing an additional 19,194 shares during the period. Brown Wealth Management LLC lifted its stake in Innovator Power Buffer Step-Up Strategy ETF by 4.7% in the fourth quarter. Brown Wealth Management LLC now owns 290,966 shares of the company’s stock worth $10,285,000 after acquiring an additional 13,028 shares during the period. HighTower Advisors LLC boosted its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 219,506 shares of the company’s stock valued at $7,759,000 after purchasing an additional 925 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 6.6% in the 1st quarter. Cetera Investment Advisers now owns 133,520 shares of the company’s stock valued at $4,602,000 after acquiring an additional 8,324 shares during the period. Finally, AE Wealth Management LLC lifted its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 71.1% during the fourth quarter. AE Wealth Management LLC now owns 109,901 shares of the company’s stock valued at $3,885,000 after buying an additional 45,655 shares during the last quarter.
Innovator Power Buffer Step-Up Strategy ETF Trading Down 0.3%
Shares of PSTP stock traded down $0.12 on Monday, reaching $36.83. 4,820 shares of the company’s stock were exchanged, compared to its average volume of 11,950. Innovator Power Buffer Step-Up Strategy ETF has a 52 week low of $33.12 and a 52 week high of $37.01. The stock has a market capitalization of $132.59 million, a PE ratio of 24.87 and a beta of 0.52. The company’s fifty day simple moving average is $36.59 and its 200 day simple moving average is $35.79.
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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