Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Sees Significant Drop in Short Interest

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 12,467 shares, a decline of 68.6% from the September 30th total of 39,659 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 26,104 shares, the days-to-cover ratio is currently 0.5 days.

Innovator U.S. Equity Power Buffer ETF – November Stock Up 0.4%

Innovator U.S. Equity Power Buffer ETF – November stock opened at $46.21 on Wednesday. The stock has a 50-day simple moving average of $45.66 and a 200 day simple moving average of $43.73. Innovator U.S. Equity Power Buffer ETF – November has a 12-month low of $40.09 and a 12-month high of $46.30. The stock has a market capitalization of $780.02 million, a price-to-earnings ratio of 24.05 and a beta of 0.45.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – November

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brookstone Capital Management bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – November in the third quarter worth about $22,469,000. Apollon Wealth Management LLC grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 105.0% during the first quarter. Apollon Wealth Management LLC now owns 49,769 shares of the company’s stock valued at $2,034,000 after purchasing an additional 25,491 shares during the last quarter. Diligent Investors LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November in the third quarter valued at approximately $1,993,000. Ascent Wealth Partners LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November in the third quarter valued at approximately $1,574,000. Finally, Citadel Advisors LLC increased its holdings in shares of Innovator U.S. Equity Power Buffer ETF – November by 93.3% in the second quarter. Citadel Advisors LLC now owns 31,624 shares of the company’s stock valued at $1,403,000 after purchasing an additional 15,263 shares in the last quarter.

About Innovator U.S. Equity Power Buffer ETF – November

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) is an exchange-traded fund that is based on the S&P 500 Price Return index. The fund aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. PNOV was launched on Nov 1, 2019 and is managed by Innovator.