Innovator U.S. Equity Ultra Buffer ETF – August (BATS:UAUG) Sees Large Drop in Short Interest

Innovator U.S. Equity Ultra Buffer ETF – August (BATS:UAUG) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 45,340 shares, a drop of 53.4% from the September 15th total of 97,248 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 20,872 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On Innovator U.S. Equity Ultra Buffer ETF – August

Several hedge funds have recently bought and sold shares of the stock. Broussard Financial Group LLC boosted its holdings in shares of Innovator U.S. Equity Ultra Buffer ETF – August by 4.6% during the first quarter. Broussard Financial Group LLC now owns 411,343 shares of the company’s stock worth $16,184,000 after acquiring an additional 18,120 shares during the period. Grove Bank & Trust acquired a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – August in the third quarter valued at approximately $121,000. RFG Advisory LLC bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – August during the second quarter worth approximately $203,000. Talon Private Wealth LLC bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – August during the first quarter worth approximately $49,000. Finally, Cetera Investment Advisers lifted its holdings in Innovator U.S. Equity Ultra Buffer ETF – August by 4.4% during the 1st quarter. Cetera Investment Advisers now owns 33,855 shares of the company’s stock worth $1,332,000 after purchasing an additional 1,413 shares during the last quarter.

Innovator U.S. Equity Ultra Buffer ETF – August Stock Performance

Shares of UAUG stock opened at $43.42 on Wednesday. The company has a market capitalization of $173.68 million, a price-to-earnings ratio of 24.31 and a beta of 0.43. The company has a 50-day simple moving average of $43.03 and a 200 day simple moving average of $42.03. Innovator U.S. Equity Ultra Buffer ETF – August has a 52 week low of $38.69 and a 52 week high of $43.49.

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

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