Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Sees Large Decrease in Short Interest

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,095 shares, a decrease of 54.0% from the September 15th total of 13,260 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 4,521 shares, the days-to-cover ratio is currently 1.3 days.

Innovator Buffer Step-Up Strategy ETF Trading Down 0.8%

Shares of NYSEARCA BSTP traded down $0.32 during midday trading on Wednesday, hitting $40.35. The company’s stock had a trading volume of 595 shares, compared to its average volume of 4,624. The business’s 50 day moving average is $40.23 and its two-hundred day moving average is $39.18. Innovator Buffer Step-Up Strategy ETF has a 12-month low of $35.22 and a 12-month high of $40.73. The firm has a market cap of $59.72 million, a P/E ratio of 23.53 and a beta of 0.69.

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

Several hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC lifted its position in shares of Innovator Buffer Step-Up Strategy ETF by 3.8% during the second quarter. Citadel Advisors LLC now owns 7,927 shares of the company’s stock worth $312,000 after purchasing an additional 291 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the first quarter valued at $2,288,000. Kestra Advisory Services LLC boosted its stake in shares of Innovator Buffer Step-Up Strategy ETF by 25.8% during the first quarter. Kestra Advisory Services LLC now owns 5,842 shares of the company’s stock valued at $210,000 after purchasing an additional 1,198 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 1.5% in the first quarter. Nations Financial Group Inc. IA ADV now owns 75,524 shares of the company’s stock worth $2,720,000 after purchasing an additional 1,122 shares during the last quarter.

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.