Short Interest in Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) Expands By 8,142.7%

Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 71,217 shares, a growth of 8,142.7% from the May 31st total of 864 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 98,018 shares, the short-interest ratio is presently 0.7 days.

Innovator U.S. Equity Power Buffer ETF – October Stock Performance

Shares of POCT traded down $0.04 during mid-day trading on Thursday, hitting $46.03. 38,975 shares of the company traded hands, compared to its average volume of 82,460. The stock has a 50-day moving average price of $45.78 and a two-hundred day moving average price of $44.54. Innovator U.S. Equity Power Buffer ETF – October has a 1 year low of $40.97 and a 1 year high of $46.46. The stock has a market cap of $924.28 million, a price-to-earnings ratio of 24.14 and a beta of 0.37.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – October

A number of institutional investors and hedge funds have recently modified their holdings of POCT. Cerity Partners LLC increased its position in Innovator U.S. Equity Power Buffer ETF – October by 0.9% during the second quarter. Cerity Partners LLC now owns 42,599 shares of the company’s stock valued at $1,759,000 after acquiring an additional 378 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – October during the 2nd quarter valued at about $1,208,000. JPMorgan Chase & Co. bought a new stake in Innovator U.S. Equity Power Buffer ETF – October during the third quarter valued at approximately $228,000. Koshinski Asset Management Inc. increased its holdings in Innovator U.S. Equity Power Buffer ETF – October by 2.8% during the third quarter. Koshinski Asset Management Inc. now owns 8,484 shares of the company’s stock valued at $366,000 after buying an additional 234 shares during the last quarter. Finally, MAI Capital Management increased its holdings in Innovator U.S. Equity Power Buffer ETF – October by 65.1% during the third quarter. MAI Capital Management now owns 39,668 shares of the company’s stock valued at $1,710,000 after buying an additional 15,643 shares during the last quarter.

Innovator U.S. Equity Power Buffer ETF – October Company Profile

The Innovator S&P 500 Power Buffer ETF – October (POCT) 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. POCT was launched on Oct 1, 2018 and is managed by Innovator.