Innovator U.S. Equity Buffer ETF – May (BATS:BMAY – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,923 shares, a drop of 52.6% from the September 30th total of 10,376 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 6,164 shares, the days-to-cover ratio is currently 0.8 days.
Innovator U.S. Equity Buffer ETF – May Price Performance
BATS:BMAY opened at $48.30 on Friday. The firm has a market cap of $177.74 million, a price-to-earnings ratio of 24.58 and a beta of 0.62. The company has a 50 day moving average price of $48.63 and a 200-day moving average price of $46.92. Innovator U.S. Equity Buffer ETF – May has a 1-year low of $43.52 and a 1-year high of $49.23.
Institutional Trading of Innovator U.S. Equity Buffer ETF – May
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maltin Wealth Management Inc. purchased a new stake in shares of Innovator U.S. Equity Buffer ETF – May during the 3rd quarter worth about $668,000. Focus Financial Network Inc. purchased a new position in shares of Innovator U.S. Equity Buffer ETF – May in the 3rd quarter valued at about $1,991,000. Private Advisor Group LLC purchased a new position in shares of Innovator U.S. Equity Buffer ETF – May in the 1st quarter valued at about $925,000. Brookstone Capital Management purchased a new stake in shares of Innovator U.S. Equity Buffer ETF – May in the third quarter valued at approximately $55,108,000. Finally, Retirement Planning Group LLC acquired a new position in Innovator U.S. Equity Buffer ETF – May during the third quarter worth $609,000.
About Innovator U.S. Equity Buffer ETF – May
The Innovator S&P 500 Buffer ETF – May (BMAY) 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. BMAY was launched on May 1, 2020 and is managed by Innovator.
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