Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Sees Large Increase in Short Interest

Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 331,972 shares, a growth of 556.6% from the August 31st total of 50,556 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 484,944 shares, the short-interest ratio is currently 0.7 days.

Innovator U.S. Equity Power Buffer ETF – September Stock Up 0.3%

Shares of BATS PSEP opened at $47.10 on Friday. The company has a market cap of $840.74 million, a P/E ratio of 25.05 and a beta of 0.48. Innovator U.S. Equity Power Buffer ETF – September has a 52 week low of $42.31 and a 52 week high of $47.24. The business has a 50-day simple moving average of $46.67 and a two-hundred day simple moving average of $45.59.

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

A number of large investors have recently modified their holdings of PSEP. Capital Square LLC purchased a new stake in Innovator U.S. Equity Power Buffer ETF – September in the 2nd quarter worth approximately $220,000. Cornerstone Wealth LLC TN bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – September in the first quarter worth $1,482,000. Envision Financial Transparency LLC bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – September in the first quarter worth $900,000. Independent Financial Group LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – September in the first quarter worth $597,000. Finally, Kestra Advisory Services LLC boosted its stake in Innovator U.S. Equity Power Buffer ETF – September by 11.0% during the first quarter. Kestra Advisory Services LLC now owns 354,994 shares of the company’s stock valued at $15,286,000 after buying an additional 35,050 shares during the period.

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

The Innovator S&P 500 Power Buffer ETF – September (PSEP) 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. PSEP was launched on Sep 3, 2019 and is managed by Innovator.