Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Shares Shorted: Short Interest Down 96.4% in October

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 42 shares, a decrease of 96.4% from the October 15th total of 1,171 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 6,104 shares, the short-interest ratio is currently 0.0 days.

Innovator Buffer Step-Up Strategy ETF Stock Down 0.4%

BSTP traded down $0.15 during trading on Tuesday, reaching $39.70. The company’s stock had a trading volume of 1,439 shares, compared to its average volume of 4,584. The company has a market cap of $58.76 million, a price-to-earnings ratio of 23.53 and a beta of 0.69. The firm has a fifty day simple moving average of $40.19 and a two-hundred day simple moving average of $38.83. Innovator Buffer Step-Up Strategy ETF has a 1 year low of $35.22 and a 1 year high of $40.73.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers acquired a new stake in Innovator Buffer Step-Up Strategy ETF during the first quarter worth about $2,288,000. Brookstone Capital Management purchased a new position in Innovator Buffer Step-Up Strategy ETF during the third quarter worth about $1,109,000. HighTower Advisors LLC purchased a new position in Innovator Buffer Step-Up Strategy ETF during the third quarter worth about $1,050,000. Commonwealth Equity Services LLC purchased a new position in Innovator Buffer Step-Up Strategy ETF during the third quarter worth about $1,037,000. Finally, William Mack & Associates Inc. acquired a new position in Innovator Buffer Step-Up Strategy ETF in the 3rd quarter valued at about $117,000.

Innovator Buffer Step-Up Strategy ETF Company Profile

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.