Short Interest in Innovator Uncapped Accelerated U.S. Equity ETF (BATS:XUSP) Increases By 150.5%

Innovator Uncapped Accelerated U.S. Equity ETF (BATS:XUSP) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 37,963 shares, a growth of 150.5% from the June 30th total of 15,156 shares. Based on an average trading volume of 5,998 shares, the days-to-cover ratio is presently 6.3 days. Currently, 4.1% of the company’s stock are sold short.

Innovator Uncapped Accelerated U.S. Equity ETF Stock Down 2.0%

XUSP stock opened at $50.75 on Thursday. Innovator Uncapped Accelerated U.S. Equity ETF has a 12-month low of $42.08 and a 12-month high of $54.21. The company has a market cap of $46.94 million, a price-to-earnings ratio of 23.39 and a beta of 1.21. The company has a 50 day moving average of $52.44 and a two-hundred day moving average of $49.43.

Hedge Funds Weigh In On Innovator Uncapped Accelerated U.S. Equity ETF

Hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. purchased a new stake in shares of Innovator Uncapped Accelerated U.S. Equity ETF during the third quarter worth $183,000. Brookstone Capital Management purchased a new position in Innovator Uncapped Accelerated U.S. Equity ETF in the fourth quarter valued at about $219,000. Maia Wealth LLC increased its position in Innovator Uncapped Accelerated U.S. Equity ETF by 32.4% in the 3rd quarter. Maia Wealth LLC now owns 7,895 shares of the company’s stock worth $377,000 after purchasing an additional 1,932 shares during the last quarter. Trek Financial LLC increased its position in Innovator Uncapped Accelerated U.S. Equity ETF by 2.7% in the 4th quarter. Trek Financial LLC now owns 9,732 shares of the company’s stock worth $462,000 after purchasing an additional 256 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Innovator Uncapped Accelerated U.S. Equity ETF in the 2nd quarter worth about $536,000.

About Innovator Uncapped Accelerated U.S. Equity ETF

The Innovator Uncapped Accelerated U.S. Equity ETF (XUSP) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide the potential to outperform the price return of the SPDR S&P 500 ETF (SPY), after achieving performance thresholds. The fund uses four, one-year FLEX Options packages with laddered 3-month expiration dates. XUSP was launched on Aug 11, 2022 and is managed by Innovator.