Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Short Interest Down 81.5% in June

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 3,516 shares, a decrease of 81.5% from the June 15th total of 19,033 shares. Based on an average trading volume of 10,314 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Innovator Power Buffer Step-Up Strategy ETF

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the 1st quarter valued at $238,000. Osaic Holdings Inc. grew its position in Innovator Power Buffer Step-Up Strategy ETF by 5.0% during the second quarter. Osaic Holdings Inc. now owns 32,340 shares of the company’s stock valued at $1,079,000 after buying an additional 1,543 shares during the period. JPMorgan Chase & Co. increased its holdings in Innovator Power Buffer Step-Up Strategy ETF by 2,234.3% in the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the company’s stock valued at $267,000 after buying an additional 7,351 shares in the last quarter. Citadel Advisors LLC purchased a new position in Innovator Power Buffer Step-Up Strategy ETF in the third quarter valued at $289,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the third quarter worth about $532,000.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

PSTP traded down $0.12 on Monday, reaching $36.83. 4,820 shares of the stock were exchanged, compared to its average volume of 11,950. Innovator Power Buffer Step-Up Strategy ETF has a fifty-two week low of $33.12 and a fifty-two week high of $37.01. The company’s 50-day moving average price is $36.59 and its 200 day moving average price is $35.79. The firm has a market capitalization of $132.59 million, a PE ratio of 24.87 and a beta of 0.52.

About Innovator Power Buffer Step-Up Strategy ETF

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.