Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Short Interest Update

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 25,084 shares, a growth of 132.5% from the February 26th total of 10,788 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 6,289 shares, the days-to-cover ratio is currently 4.0 days.

Innovator Buffer Step-Up Strategy ETF Stock Performance

NYSEARCA:BSTP opened at $36.28 on Thursday. Innovator Buffer Step-Up Strategy ETF has a 52-week low of $29.54 and a 52-week high of $38.13. The company has a market cap of $55.15 million, a price-to-earnings ratio of 23.53 and a beta of 0.71. The firm’s 50-day moving average is $37.13 and its 200-day moving average is $36.83.

Institutional Trading of Innovator Buffer Step-Up Strategy ETF

Several institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its holdings in Innovator Buffer Step-Up Strategy ETF by 1.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 26,902 shares of the company’s stock worth $978,000 after acquiring an additional 280 shares during the period. Capital Investment Advisory Services LLC grew its stake in shares of Innovator Buffer Step-Up Strategy ETF by 0.9% during the third quarter. Capital Investment Advisory Services LLC now owns 35,766 shares of the company’s stock worth $1,301,000 after purchasing an additional 302 shares during the period. Signature Estate & Investment Advisors LLC increased its holdings in Innovator Buffer Step-Up Strategy ETF by 4.5% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 19,335 shares of the company’s stock valued at $718,000 after purchasing an additional 829 shares during the last quarter. Allworth Financial LP lifted its stake in Innovator Buffer Step-Up Strategy ETF by 70.6% in the third quarter. Allworth Financial LP now owns 2,054 shares of the company’s stock valued at $75,000 after buying an additional 850 shares during the period. Finally, Principal Securities Inc. grew its position in shares of Innovator Buffer Step-Up Strategy ETF by 6.3% during the 4th quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock worth $701,000 after buying an additional 1,127 shares during the period.

Innovator Buffer Step-Up Strategy ETF Company Profile

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.