Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) Stock Short Interest Falls 57.4%

Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 37,478 shares, a drop of 57.4% from the September 15th total of 87,954 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 194,264 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bullseye Investment Management LLC bought a new stake in Innovator U.S. Equity Ultra Buffer ETF – September in the second quarter worth $27,000. Talon Private Wealth LLC purchased a new stake in Innovator U.S. Equity Ultra Buffer ETF – September during the first quarter valued at about $49,000. Grove Bank & Trust purchased a new stake in Innovator U.S. Equity Ultra Buffer ETF – September during the third quarter valued at about $80,000. BAM Wealth Management LLC purchased a new stake in Innovator U.S. Equity Ultra Buffer ETF – September during the second quarter valued at about $170,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – September during the second quarter valued at about $175,000.

Innovator U.S. Equity Ultra Buffer ETF – September Trading Down 0.5%

Shares of BATS USEP opened at $42.25 on Thursday. The stock’s 50-day moving average is $42.06 and its 200 day moving average is $41.25. The stock has a market cap of $153.37 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 $38.06 and a 1-year high of $42.59.

Innovator U.S. Equity Ultra Buffer ETF – September Company Profile

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.