Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Sees Significant Growth in Short Interest

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 18,666 shares, a growth of 24.7% from the December 31st total of 14,974 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 4,537 shares, the days-to-cover ratio is currently 4.1 days. Based on an average daily trading volume, of 4,537 shares, the days-to-cover ratio is currently 4.1 days. Currently, 1.2% of the company’s shares are sold short.

Innovator Buffer Step-Up Strategy ETF Stock Up 0.4%

Shares of BSTP stock traded up $0.14 during trading hours on Monday, hitting $37.62. 17,732 shares of the company were exchanged, compared to its average volume of 6,011. The firm has a fifty day moving average of $37.21 and a 200 day moving average of $36.40. Innovator Buffer Step-Up Strategy ETF has a 1 year low of $29.54 and a 1 year high of $38.13. The firm has a market cap of $57.18 million, a PE ratio of 23.53 and a beta of 0.71.

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

A number of hedge funds have recently made changes to their positions in BSTP. Triton Financial Group Inc acquired a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the 2nd quarter worth $1,502,000. Envestnet Asset Management Inc. grew its position in Innovator Buffer Step-Up Strategy ETF by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 26,622 shares of the company’s stock valued at $920,000 after acquiring an additional 1,612 shares during the period. D.B. Root & Company LLC increased its stake in Innovator Buffer Step-Up Strategy ETF by 15.7% during the second quarter. D.B. Root & Company LLC now owns 220,024 shares of the company’s stock worth $7,600,000 after acquiring an additional 29,904 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Innovator Buffer Step-Up Strategy ETF in the 3rd quarter worth about $47,000. Finally, Vista Cima Wealth Management LLC lifted its stake in shares of Innovator Buffer Step-Up Strategy ETF by 8.9% in the 3rd quarter. Vista Cima Wealth Management LLC now owns 37,647 shares of the company’s stock valued at $1,369,000 after purchasing an additional 3,084 shares in the last quarter.

About Innovator Buffer Step-Up Strategy ETF

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.