Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 17,377 shares, an increase of 394.2% from the June 30th total of 3,516 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 10,507 shares, the short-interest ratio is presently 1.7 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in Innovator Power Buffer Step-Up Strategy ETF by 6.6% in the first quarter. Cetera Investment Advisers now owns 133,520 shares of the company’s stock worth $4,602,000 after purchasing an additional 8,324 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 10.6% in the 1st quarter. Kestra Advisory Services LLC now owns 31,273 shares of the company’s stock worth $1,078,000 after purchasing an additional 2,985 shares during the period. Addison Capital Co purchased a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the first quarter worth approximately $917,000. Evolution Wealth Management Inc. grew its position in Innovator Power Buffer Step-Up Strategy ETF by 2.6% during the first quarter. Evolution Wealth Management Inc. now owns 43,392 shares of the company’s stock valued at $1,496,000 after buying an additional 1,091 shares during the period. Finally, Sunbelt Securities Inc. grew its position in Innovator Power Buffer Step-Up Strategy ETF by 5.6% during the fourth quarter. Sunbelt Securities Inc. now owns 360,494 shares of the company’s stock valued at $12,743,000 after buying an additional 19,194 shares during the period.
Innovator Power Buffer Step-Up Strategy ETF Stock Performance
Shares of PSTP stock traded up $0.02 on Friday, reaching $36.66. The stock had a trading volume of 4,249 shares, compared to its average volume of 11,617. The stock has a market cap of $131.98 million, a P/E ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a 1 year low of $33.12 and a 1 year high of $37.03. The company has a 50 day simple moving average of $36.68 and a 200 day simple moving average of $35.87.
About Innovator Power Buffer Step-Up Strategy ETF
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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