Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 56,109 shares, a drop of 58.7% from the May 31st total of 136,006 shares. Based on an average daily volume of 113,764 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short.
Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – May
Several hedge funds have recently added to or reduced their stakes in the business. Jessup Wealth Management Inc bought a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 4th quarter worth approximately $56,000. Fifth Third Bancorp acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – May during the first quarter worth $80,000. Optima Capital LLC acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – May during the fourth quarter worth $107,000. Foundry Financial Group Inc. bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the fourth quarter worth $203,000. Finally, WMS Group LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the fourth quarter worth $238,000.
Innovator U.S. Equity Power Buffer ETF – May Stock Performance
BATS:PMAY opened at $40.89 on Monday. The stock has a market cap of $688.18 million, a P/E ratio of 23.79 and a beta of 0.44. The stock’s 50-day moving average is $40.96 and its 200-day moving average is $40.20. Innovator U.S. Equity Power Buffer ETF – May has a 1-year low of $37.63 and a 1-year high of $41.51.
Innovator U.S. Equity Power Buffer ETF – May Company Profile
The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.
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