Short Interest in Innovator U.S. Equity Ultra Buffer ETF – May (BATS:UMAY) Increases By 2,627.9%

Innovator U.S. Equity Ultra Buffer ETF – May (BATS:UMAY) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 27,061 shares, a growth of 2,627.9% from the April 15th total of 992 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 17,756 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UMAY. Susquehanna International Group LLP grew its stake in shares of Innovator U.S. Equity Ultra Buffer ETF – May by 142.4% in the third quarter. Susquehanna International Group LLP now owns 39,006 shares of the company’s stock valued at $1,399,000 after buying an additional 22,917 shares in the last quarter. Merit Financial Group LLC acquired a new position in Innovator U.S. Equity Ultra Buffer ETF – May during the 4th quarter worth about $573,000. MML Investors Services LLC lifted its stake in Innovator U.S. Equity Ultra Buffer ETF – May by 216.8% during the 2nd quarter. MML Investors Services LLC now owns 21,583 shares of the company’s stock worth $750,000 after acquiring an additional 14,770 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in Innovator U.S. Equity Ultra Buffer ETF – May during the 3rd quarter valued at about $468,000. Finally, Raymond James Financial Inc. grew its position in Innovator U.S. Equity Ultra Buffer ETF – May by 69.4% in the 2nd quarter. Raymond James Financial Inc. now owns 27,056 shares of the company’s stock valued at $940,000 after acquiring an additional 11,088 shares in the last quarter.

Innovator U.S. Equity Ultra Buffer ETF – May Stock Performance

Shares of Innovator U.S. Equity Ultra Buffer ETF – May stock traded up $0.01 during trading hours on Monday, hitting $37.70. The company’s stock had a trading volume of 38,907 shares, compared to its average volume of 10,953. The stock has a market cap of $65.98 million, a price-to-earnings ratio of 24.88 and a beta of 0.39. The firm has a fifty day moving average of $37.00 and a 200-day moving average of $36.62. Innovator U.S. Equity Ultra Buffer ETF – May has a twelve month low of $33.87 and a twelve month high of $37.76.

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

The Innovator S&P 500 Ultra Buffer ETF – May (UMAY) 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. UMAY was launched on May 1, 2020 and is managed by Innovator.