Innovator Laddered Allocation Buffer ETF (BATS:BUFB – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 97,502 shares, a growth of 48.0% from the July 15th total of 65,900 shares. Based on an average daily volume of 25,405 shares, the days-to-cover ratio is presently 3.8 days. Currently, 1.6% of the shares of the company are short sold.
Innovator Laddered Allocation Buffer ETF Price Performance
Shares of BATS BUFB opened at $40.13 on Wednesday. The stock has a fifty day moving average price of $39.44 and a 200 day moving average price of $38.15. Innovator Laddered Allocation Buffer ETF has a 1-year low of $34.52 and a 1-year high of $40.96. The company has a market cap of $250.01 million, a PE ratio of 24.89 and a beta of 0.70.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wealthcare Capital Management LLC acquired a new stake in Innovator Laddered Allocation Buffer ETF in the second quarter valued at about $200,000. Capital Wealth Management LLC increased its position in Innovator Laddered Allocation Buffer ETF by 10.4% during the 2nd quarter. Capital Wealth Management LLC now owns 235,709 shares of the company’s stock worth $9,266,000 after purchasing an additional 22,128 shares during the period. MTM Financial Group LLC raised its stake in shares of Innovator Laddered Allocation Buffer ETF by 1.7% during the 1st quarter. MTM Financial Group LLC now owns 65,790 shares of the company’s stock worth $2,363,000 after buying an additional 1,126 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of Innovator Laddered Allocation Buffer ETF by 6.4% during the 1st quarter. Centaurus Financial Inc. now owns 33,564 shares of the company’s stock worth $1,205,000 after buying an additional 2,008 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Innovator Laddered Allocation Buffer ETF by 16.9% in the 1st quarter. Cetera Investment Advisers now owns 166,140 shares of the company’s stock valued at $5,966,000 after buying an additional 23,968 shares during the period.
Innovator Laddered Allocation Buffer ETF Company Profile
The Innovator Laddered Allocation Buffer ETF (BUFB) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of 12 Innovator US Equity Buffer ETFs, which target specific buffered losses and capped gains on the S&P 500. BUFB was launched on Feb 9, 2022 and is managed by Innovator.
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