Short Interest in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Expands By 180.2%

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 3,654 shares, a growth of 180.2% from the April 15th total of 1,304 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 7,043 shares, the days-to-cover ratio is presently 0.5 days.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

Shares of NYSEARCA:PSTP traded down $0.19 during mid-day trading on Friday, hitting $36.39. The company had a trading volume of 44,963 shares, compared to its average volume of 13,306. The firm has a fifty day moving average price of $35.37 and a 200 day moving average price of $35.31. The company has a market capitalization of $129.18 million, a PE ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a one year low of $32.04 and a one year high of $36.63.

Institutional Trading of Innovator Power Buffer Step-Up Strategy ETF

Several hedge funds have recently modified their holdings of PSTP. Cetera Investment Advisers grew its position in 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 purchasing an additional 8,324 shares during the period. Kestra Advisory Services LLC grew its position in 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 valued at $1,078,000 after purchasing an additional 2,985 shares during the period. Addison Capital Co acquired a new stake in Innovator Power Buffer Step-Up Strategy ETF in the 1st quarter valued at $917,000. Evolution Wealth Management Inc. grew its position in Innovator Power Buffer Step-Up Strategy ETF by 2.6% in the 1st quarter. Evolution Wealth Management Inc. now owns 43,392 shares of the company’s stock valued at $1,496,000 after purchasing 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% in the 4th 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.

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.