Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Stock Short Interest Drops 80.8%

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 1,171 shares, a decrease of 80.8% from the September 30th total of 6,095 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,370 shares, the short-interest ratio is presently 0.5 days.

Innovator Buffer Step-Up Strategy ETF Price Performance

Shares of BSTP stock opened at $40.23 on Tuesday. The company’s fifty day moving average price is $40.24 and its 200-day moving average price is $38.69. The company has a market capitalization of $118.68 million, a price-to-earnings ratio of 23.53 and a beta of 0.69. Innovator Buffer Step-Up Strategy ETF has a one year low of $35.22 and a one year high of $40.73.

Institutional Investors Weigh In On Innovator Buffer Step-Up Strategy ETF

Hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers bought a new position in Innovator Buffer Step-Up Strategy ETF during the first quarter valued at approximately $2,288,000. Brookstone Capital Management purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the 3rd quarter worth approximately $1,109,000. Kestra Advisory Services LLC raised its holdings in shares of 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 acquiring an additional 1,198 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 3.8% during the 2nd quarter. Citadel Advisors LLC now owns 7,927 shares of the company’s stock worth $312,000 after acquiring an additional 291 shares in the last quarter.

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.