Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,466 shares, a growth of 135.3% from the July 30th total of 6,147 shares. Based on an average daily volume of 2,647 shares, the short-interest ratio is currently 5.5 days. Approximately 0.5% of the company’s shares are short sold.
Innovator Buffer Step-Up Strategy ETF Stock Performance
BSTP traded down $0.04 during mid-day trading on Friday, reaching $40.23. The stock had a trading volume of 2,772 shares, compared to its average volume of 4,933. The stock has a market capitalization of $122.70 million, a P/E ratio of 23.53 and a beta of 0.69. The firm’s fifty day simple moving average is $39.61 and its two-hundred day simple moving average is $38.43. Innovator Buffer Step-Up Strategy ETF has a 52 week low of $35.22 and a 52 week high of $40.44.
Hedge Funds Weigh In On Innovator Buffer Step-Up Strategy ETF
Several large investors have recently made changes to their positions in BSTP. Captrust Financial Advisors acquired a new stake in Innovator Buffer Step-Up Strategy ETF in the second quarter worth about $206,000. Citadel Advisors LLC lifted its position in Innovator Buffer Step-Up Strategy ETF by 31.2% during the 3rd quarter. Citadel Advisors LLC now owns 20,916 shares of the company’s stock valued at $761,000 after purchasing an additional 4,972 shares during the period. FSA Advisors Inc. boosted its stake in shares of Innovator Buffer Step-Up Strategy ETF by 160.5% in the 4th quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock valued at $626,000 after purchasing an additional 10,383 shares during the last quarter. D.B. Root & Company LLC boosted its stake in shares of Innovator Buffer Step-Up Strategy ETF by 2.8% in the 4th quarter. D.B. Root & Company LLC now owns 221,970 shares of the company’s stock valued at $8,242,000 after purchasing an additional 6,138 shares during the last quarter. Finally, OFC Financial Planning LLC grew its position 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 buying an additional 1,849 shares during the period.
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.
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