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

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,392 shares, a decrease of 76.2% from the May 31st total of 5,841 shares. Based on an average daily trading volume, of 3,546 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Innovator Buffer Step-Up Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its position in shares of Innovator Buffer Step-Up Strategy ETF by 13.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 258,902 shares of the company’s stock valued at $9,416,000 after buying an additional 31,330 shares during the last quarter. D.B. Root & Company LLC raised its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 2.8% during the fourth quarter. D.B. Root & Company LLC now owns 221,970 shares of the company’s stock valued at $8,242,000 after purchasing an additional 6,138 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in Innovator Buffer Step-Up Strategy ETF by 1.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 75,524 shares of the company’s stock worth $2,720,000 after buying an additional 1,122 shares during the period. Cetera Investment Advisers acquired a new position in shares of Innovator Buffer Step-Up Strategy ETF during the first quarter worth approximately $2,288,000. Finally, Vista Cima Wealth Management LLC lifted its stake in shares of Innovator Buffer Step-Up Strategy ETF by 8.9% in the third quarter. Vista Cima Wealth Management LLC now owns 37,647 shares of the company’s stock valued at $1,369,000 after buying an additional 3,084 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Performance

Shares of Innovator Buffer Step-Up Strategy ETF stock traded up $0.35 during midday trading on Monday, hitting $39.12. 2,310 shares of the company traded hands, compared to its average volume of 5,478. Innovator Buffer Step-Up Strategy ETF has a 12 month low of $34.41 and a 12 month high of $39.55. The stock has a market cap of $59.46 million, a price-to-earnings ratio of 23.53 and a beta of 0.69. The firm’s fifty day moving average price is $38.81 and its 200-day moving average price is $37.68.

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.