Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) Short Interest Update

Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 1 shares, a decline of 100.0% from the April 30th total of 9,445 shares. Based on an average daily volume of 6,937 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Innovator U.S. Equity Ultra Buffer ETF – September Price Performance

Innovator U.S. Equity Ultra Buffer ETF – September stock traded down $0.01 during midday trading on Wednesday, hitting $41.07. The company’s stock had a trading volume of 6,773 shares, compared to its average volume of 26,732. The company has a 50-day moving average price of $39.90 and a two-hundred day moving average price of $39.50. The company has a market cap of $149.08 million, a price-to-earnings ratio of 24.18 and a beta of 0.40. Innovator U.S. Equity Ultra Buffer ETF – September has a 1-year low of $35.50 and a 1-year high of $41.13.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its stake in Innovator U.S. Equity Ultra Buffer ETF – September by 23.4% during the second quarter. Raymond James Financial Inc. now owns 16,003 shares of the company’s stock worth $590,000 after purchasing an additional 3,039 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Innovator U.S. Equity Ultra Buffer ETF – September during the third quarter worth $501,000. Truist Financial Corp lifted its stake in Innovator U.S. Equity Ultra Buffer ETF – September by 2.8% during the third quarter. Truist Financial Corp now owns 51,568 shares of the company’s stock worth $1,994,000 after purchasing an additional 1,389 shares during the last quarter. Archer Investment Corp lifted its stake in Innovator U.S. Equity Ultra Buffer ETF – September by 24.6% during the third quarter. Archer Investment Corp now owns 11,678 shares of the company’s stock worth $452,000 after purchasing an additional 2,304 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in Innovator U.S. Equity Ultra Buffer ETF – September by 170.4% during the third quarter. Foundations Investment Advisors LLC now owns 17,017 shares of the company’s stock worth $658,000 after purchasing an additional 10,723 shares during the last quarter.

About Innovator U.S. Equity Ultra Buffer ETF – September

The Innovator S&P 500 Ultra Buffer ETF – September (USEP) 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. USEP was launched on Sep 3, 2019 and is managed by Innovator.