Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) Short Interest Up 561.9% in June

Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 33,997 shares, a growth of 561.9% from the May 31st total of 5,136 shares. Based on an average daily volume of 28,202 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the shares of the company are sold short.

Innovator U.S. Equity Power Buffer ETF – August Trading Down 0.0%

Shares of PAUG stock opened at $45.37 on Friday. The stock has a market cap of $880.18 million, a P/E ratio of 24.79 and a beta of 0.48. The stock has a 50 day simple moving average of $45.07 and a 200 day simple moving average of $43.93. Innovator U.S. Equity Power Buffer ETF – August has a 1 year low of $40.20 and a 1 year high of $45.59.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – August

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GTS Financial LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – August during the 1st quarter valued at $1,516,000. Cornerstone Wealth LLC TN bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – August in the first quarter worth $6,283,000. Independent Financial Group LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – August in the first quarter valued at about $677,000. Kestra Advisory Services LLC raised its stake in Innovator U.S. Equity Power Buffer ETF – August by 36.7% in the first quarter. Kestra Advisory Services LLC now owns 408,091 shares of the company’s stock valued at $17,434,000 after purchasing an additional 109,537 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in Innovator U.S. Equity Power Buffer ETF – August by 2.6% during the first quarter. Apollon Wealth Management LLC now owns 12,922 shares of the company’s stock worth $552,000 after purchasing an additional 322 shares during the period.

Innovator U.S. Equity Power Buffer ETF – August Company Profile

The Innovator U.S. Equity Power Buffer ETF – August (PAUG) 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. PAUG was launched on Aug 1, 2019 and is managed by Innovator.