Innovator MSCI EAFE Power Buffer ETF – January (NYSEARCA:IJAN) Sees Significant Growth in Short Interest

Innovator MSCI EAFE Power Buffer ETF – January (NYSEARCA:IJAN) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 28,960 shares, a growth of 204.0% from the July 15th total of 9,525 shares. Based on an average daily volume of 9,350 shares, the days-to-cover ratio is presently 3.1 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cornerstone Wealth LLC TN purchased a new position in Innovator MSCI EAFE Power Buffer ETF – January in the first quarter worth about $4,746,000. Sunbelt Securities Inc. increased its stake in Innovator MSCI EAFE Power Buffer ETF – January by 6.7% during the first quarter. Sunbelt Securities Inc. now owns 14,075 shares of the company’s stock worth $511,000 after acquiring an additional 886 shares during the last quarter. Talon Private Wealth LLC purchased a new stake in Innovator MSCI EAFE Power Buffer ETF – January during the first quarter valued at approximately $1,883,000. Wealth Alliance LLC raised its position in Innovator MSCI EAFE Power Buffer ETF – January by 50.7% during the first quarter. Wealth Alliance LLC now owns 37,331 shares of the company’s stock valued at $1,354,000 after purchasing an additional 12,552 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Innovator MSCI EAFE Power Buffer ETF – January by 25.1% in the 1st quarter. Cetera Investment Advisers now owns 111,096 shares of the company’s stock valued at $4,031,000 after purchasing an additional 22,308 shares during the last quarter.

Innovator MSCI EAFE Power Buffer ETF – January Stock Performance

Shares of NYSEARCA:IJAN traded up $0.03 on Thursday, reaching $39.06. The company’s stock had a trading volume of 2,257 shares, compared to its average volume of 36,532. Innovator MSCI EAFE Power Buffer ETF – January has a 52-week low of $34.40 and a 52-week high of $39.26. The company has a market cap of $263.66 million, a P/E ratio of 16.19 and a beta of 0.49. The company has a 50-day simple moving average of $38.16 and a 200 day simple moving average of $37.48.

Innovator MSCI EAFE Power Buffer ETF – January Company Profile

The Innovator International Developed Power Buffer ETF – January (IJAN) is an exchange-traded fund that is based on the MSCI EAFE index. The fund aims for specific buffered losses and capped gains on the MSCI EAFE Index over a specific holdings period. The actively-managed fund holds options and collateral. IJAN was launched on Jan 2, 2020 and is managed by Innovator.