Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Short Interest Up 132.5% in March

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 25,084 shares, an increase of 132.5% from the February 26th total of 10,788 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 6,289 shares, the days-to-cover ratio is presently 4.0 days.

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

Institutional investors have recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in Innovator Buffer Step-Up Strategy ETF in the second quarter valued at $206,000. Nations Financial Group Inc. IA ADV lifted its holdings in Innovator Buffer Step-Up Strategy ETF by 13.3% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 74,611 shares of the company’s stock worth $2,714,000 after buying an additional 8,743 shares during the last quarter. Triton Financial Group Inc lifted its holdings in Innovator Buffer Step-Up Strategy ETF by 3.9% during the 3rd quarter. Triton Financial Group Inc now owns 45,162 shares of the company’s stock worth $1,643,000 after buying an additional 1,689 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Innovator Buffer Step-Up Strategy ETF by 1.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 26,902 shares of the company’s stock worth $978,000 after acquiring an additional 280 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its position in shares of Innovator Buffer Step-Up Strategy ETF by 0.9% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 35,766 shares of the company’s stock worth $1,301,000 after acquiring an additional 302 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Down 1.2%

Shares of Innovator Buffer Step-Up Strategy ETF stock opened at $35.40 on Friday. Innovator Buffer Step-Up Strategy ETF has a 52-week low of $29.54 and a 52-week high of $38.13. The company has a market capitalization of $53.81 million, a P/E ratio of 23.53 and a beta of 0.71. The company has a 50 day moving average of $37.06 and a 200 day moving average of $36.82.

About Innovator Buffer Step-Up Strategy ETF

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.