Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Sees Large Growth in Short Interest

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 23,984 shares, an increase of 1,177.8% from the May 31st total of 1,877 shares. Based on an average daily volume of 42,110 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Innovator U.S. Equity Power Buffer ETF – November Price Performance

PNOV opened at $43.87 on Friday. The business’s 50-day moving average is $43.80 and its two-hundred day moving average is $42.48. Innovator U.S. Equity Power Buffer ETF – November has a 1 year low of $39.33 and a 1 year high of $46.13. The firm has a market capitalization of $740.53 million, a PE ratio of 24.05 and a beta of 0.45.

Institutional Trading of Innovator U.S. Equity Power Buffer ETF – November

A number of institutional investors have recently modified their holdings of PNOV. Brookstone Capital Management grew its position in shares of Innovator U.S. Equity Power Buffer ETF – November by 971.4% in the 4th quarter. Brookstone Capital Management now owns 1,247,662 shares of the company’s stock worth $52,127,000 after buying an additional 1,131,213 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Innovator U.S. Equity Power Buffer ETF – November by 3,526.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 710,849 shares of the company’s stock valued at $29,699,000 after acquiring an additional 691,246 shares during the last quarter. Berkshire Money Management Inc. lifted its position in Innovator U.S. Equity Power Buffer ETF – November by 4,944.0% during the first quarter. Berkshire Money Management Inc. now owns 598,778 shares of the company’s stock valued at $24,466,000 after acquiring an additional 586,907 shares during the last quarter. Focus Partners Wealth boosted its stake in Innovator U.S. Equity Power Buffer ETF – November by 1,363.3% in the fourth quarter. Focus Partners Wealth now owns 429,536 shares of the company’s stock valued at $17,946,000 after acquiring an additional 400,183 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in Innovator U.S. Equity Power Buffer ETF – November by 807.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 347,940 shares of the company’s stock valued at $14,537,000 after acquiring an additional 309,616 shares in the last quarter.

About Innovator U.S. Equity Power Buffer ETF – November

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) 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. PNOV was launched on Nov 1, 2019 and is managed by Innovator.