Short Interest in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Declines By 89.0%

by · The Cerbat Gem

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP – Get Free Report) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 2,796 shares, a decline of 89.0% from the April 15th total of 25,464 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 7,594 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Innovator Buffer Step-Up Strategy ETF

Several institutional investors have recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of Innovator Buffer Step-Up Strategy ETF during the third quarter worth about $47,000. Allworth Financial LP grew its position in shares of Innovator Buffer Step-Up Strategy ETF by 70.6% during the third quarter. Allworth Financial LP now owns 2,054 shares of the company’s stock worth $75,000 after buying an additional 850 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Innovator Buffer Step-Up Strategy ETF during the fourth quarter worth about $172,000. Captrust Financial Advisors acquired a new position in shares of Innovator Buffer Step-Up Strategy ETF during the second quarter worth about $206,000. Finally, FSA Advisors Inc. grew its position in shares of Innovator Buffer Step-Up Strategy ETF by 160.5% during the fourth quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock worth $626,000 after buying an additional 10,383 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Up 0.3%

NYSEARCA BSTP traded up $0.12 during trading on Thursday, hitting $39.06. The stock had a trading volume of 5,401 shares, compared to its average volume of 6,035. The company has a market capitalization of $59.37 million, a PE ratio of 23.53 and a beta of 0.70. The firm has a 50 day moving average price of $37.22 and a 200 day moving average price of $37.13. Innovator Buffer Step-Up Strategy ETF has a twelve month low of $33.06 and a twelve month high of $39.14.

About Innovator Buffer Step-Up Strategy ETF

(Get Free Report)

The Innovator Buffer Step-Up Strategy ETF (BSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for exposure to the SPDR S&P 500 ETF Trust (SPY) with buffered losses and gains through the active use of FLEX options, rebalanced monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. BSTP was launched on Mar 8, 2022 and is managed by Innovator.

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