Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Stock Short Interest Falls 71.7%

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 4,522 shares, a decline of 71.7% from the September 15th total of 15,984 shares. Based on an average daily volume of 6,801 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Innovator Power Buffer Step-Up Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the second quarter worth about $716,000. Addison Capital Co purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the first quarter worth about $917,000. Kestra Advisory Services LLC lifted its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 10.6% in the first quarter. Kestra Advisory Services LLC now owns 31,273 shares of the company’s stock worth $1,078,000 after buying an additional 2,985 shares in the last quarter. Evolution Wealth Management Inc. lifted its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 2.6% in the first quarter. Evolution Wealth Management Inc. now owns 43,392 shares of the company’s stock worth $1,496,000 after buying an additional 1,091 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Innovator Power Buffer Step-Up Strategy ETF by 10.0% during the second quarter. Envestnet Asset Management Inc. now owns 76,628 shares of the company’s stock valued at $2,819,000 after buying an additional 6,986 shares during the last quarter.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

Shares of PSTP stock remained flat at $37.85 during mid-day trading on Tuesday. 7,190 shares of the stock traded hands, compared to its average volume of 10,047. Innovator Power Buffer Step-Up Strategy ETF has a 1 year low of $33.69 and a 1 year high of $37.91. The company has a 50-day simple moving average of $37.48 and a 200 day simple moving average of $36.68. The stock has a market capitalization of $134.37 million, a P/E ratio of 24.87 and a beta of 0.52.

Innovator Power Buffer Step-Up Strategy ETF Company Profile

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