Short Interest in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Expands By 794.5%

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 8,185 shares, an increase of 794.5% from the June 30th total of 915 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 4,204 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Innovator Buffer Step-Up Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers acquired a new stake in shares of Innovator Buffer Step-Up Strategy ETF in the 1st quarter valued at about $2,288,000. Kestra Advisory Services LLC raised its stake in Innovator Buffer Step-Up Strategy ETF by 25.8% during the 1st quarter. Kestra Advisory Services LLC now owns 5,842 shares of the company’s stock worth $210,000 after buying an additional 1,198 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in Innovator Buffer Step-Up Strategy ETF by 1.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 75,524 shares of the company’s stock worth $2,720,000 after buying an additional 1,122 shares during the period. OLD Mission Capital LLC raised its stake in Innovator Buffer Step-Up Strategy ETF by 55.3% during the 4th quarter. OLD Mission Capital LLC now owns 21,618 shares of the company’s stock worth $803,000 after buying an additional 7,701 shares during the period. Finally, Principal Securities Inc. boosted its holdings in Innovator Buffer Step-Up Strategy ETF by 6.3% in the fourth quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock worth $701,000 after acquiring an additional 1,127 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Trading Up 0.1%

NYSEARCA:BSTP opened at $39.11 on Friday. The stock has a market capitalization of $59.45 million, a price-to-earnings ratio of 23.53 and a beta of 0.69. The firm has a fifty day simple moving average of $39.20 and a two-hundred day simple moving average of $37.99. Innovator Buffer Step-Up Strategy ETF has a 12 month low of $34.59 and a 12 month high of $39.65.

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.