Innovator Laddered Allocation Buffer ETF (BATS:BUFB) Sees Large Decline in Short Interest

Innovator Laddered Allocation Buffer ETF (BATS:BUFB) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 34,601 shares, a decline of 40.1% from the May 31st total of 57,739 shares. Based on an average trading volume of 53,355 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the shares of the company are sold short.

Innovator Laddered Allocation Buffer ETF Stock Performance

Shares of Innovator Laddered Allocation Buffer ETF stock opened at $39.16 on Thursday. Innovator Laddered Allocation Buffer ETF has a twelve month low of $33.74 and a twelve month high of $40.12. The firm has a market cap of $243.97 million, a P/E ratio of 24.89 and a beta of 0.70. The firm’s 50-day simple moving average is $38.82 and its 200-day simple moving average is $37.46.

Hedge Funds Weigh In On Innovator Laddered Allocation Buffer ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gilpin Wealth Management LLC bought a new stake in Innovator Laddered Allocation Buffer ETF in the fourth quarter valued at $26,000. Triumph Capital Management bought a new position in shares of Innovator Laddered Allocation Buffer ETF during the third quarter valued at $73,000. DHJJ Financial Advisors Ltd. boosted its stake in shares of Innovator Laddered Allocation Buffer ETF by 38.3% in the 4th quarter. DHJJ Financial Advisors Ltd. now owns 2,261 shares of the company’s stock valued at $83,000 after purchasing an additional 626 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of Innovator Laddered Allocation Buffer ETF in the 4th quarter worth about $209,000. Finally, COFG Advisors LLC bought a new stake in shares of Innovator Laddered Allocation Buffer ETF in the 4th quarter worth about $248,000.

About Innovator Laddered Allocation Buffer ETF

The Innovator Laddered Allocation Buffer ETF (BUFB) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of 12 Innovator US Equity Buffer ETFs, which target specific buffered losses and capped gains on the S&P 500. BUFB was launched on Feb 9, 2022 and is managed by Innovator.