Innovator MSCI Emerging Markets Power Buffer ETF – July (NYSEARCA:EJUL) Sees Significant Drop in Short Interest

Innovator MSCI Emerging Markets Power Buffer ETF – July (NYSEARCA:EJUL) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 44,987 shares, a drop of 65.9% from the July 30th total of 131,939 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 36,153 shares, the days-to-cover ratio is presently 1.2 days.

Innovator MSCI Emerging Markets Power Buffer ETF – July Stock Performance

Shares of EJUL opened at $31.41 on Friday. Innovator MSCI Emerging Markets Power Buffer ETF – July has a one year low of $27.95 and a one year high of $32.06. The stock has a market capitalization of $189.40 million, a price-to-earnings ratio of 13.82 and a beta of 0.39. The stock has a 50 day moving average price of $30.71 and a 200 day moving average price of $30.60.

Hedge Funds Weigh In On Innovator MSCI Emerging Markets Power Buffer ETF – July

A number of institutional investors and hedge funds have recently bought and sold shares of EJUL. LPL Financial LLC raised its position in Innovator MSCI Emerging Markets Power Buffer ETF – July by 1.8% in the fourth quarter. LPL Financial LLC now owns 23,209 shares of the company’s stock valued at $688,000 after purchasing an additional 419 shares during the period. World Investment Advisors boosted its position in shares of Innovator MSCI Emerging Markets Power Buffer ETF – July by 5.4% during the first quarter. World Investment Advisors now owns 16,415 shares of the company’s stock worth $491,000 after buying an additional 846 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Innovator MSCI Emerging Markets Power Buffer ETF – July in the second quarter valued at $29,000. Straight Path Wealth Management grew its stake in shares of Innovator MSCI Emerging Markets Power Buffer ETF – July by 8.2% in the second quarter. Straight Path Wealth Management now owns 23,338 shares of the company’s stock valued at $729,000 after buying an additional 1,775 shares in the last quarter. Finally, Founders Financial Securities LLC raised its holdings in shares of Innovator MSCI Emerging Markets Power Buffer ETF – July by 15.8% in the 4th quarter. Founders Financial Securities LLC now owns 13,644 shares of the company’s stock valued at $405,000 after buying an additional 1,858 shares during the period.

About Innovator MSCI Emerging Markets Power Buffer ETF – July

The Innovator MSCI Emerging Markets Power Buffer ETF – July (EJUL) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund aims for specific buffered losses and capped gains on the MSCI Emerging Markets Index over a specific holdings period. The actively-managed fund holds options and collateral. EJUL was launched on Jul 1, 2019 and is managed by Innovator.