Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Short Interest Up 104.6% in May

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 9,684 shares, an increase of 104.6% from the May 14th total of 4,732 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 9,423 shares, the days-to-cover ratio is presently 1.0 days.

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

A number of large investors have recently modified their holdings of the business. Cetera Investment Advisers boosted its holdings in shares of 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 in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of 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 in the last quarter. Addison Capital Co acquired a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the 1st quarter valued at $917,000. Evolution Wealth Management Inc. boosted its holdings in shares of 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 in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of 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 in the last quarter.

Innovator Power Buffer Step-Up Strategy ETF Stock Up 0.3%

Shares of PSTP stock traded up $0.10 during trading hours on Friday, reaching $36.56. The company’s stock had a trading volume of 2,081 shares, compared to its average volume of 12,280. The firm’s 50 day simple moving average is $36.10 and its 200-day simple moving average is $35.56. The company has a market capitalization of $129.79 million, a price-to-earnings ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a fifty-two week low of $32.67 and a fifty-two week high of $37.01.

Innovator Power Buffer Step-Up Strategy ETF Company Profile

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.