Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Shares Shorted: Short Interest Down 57.1% in October

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,938 shares, a drop of 57.1% from the September 30th total of 4,522 shares. Based on an average daily volume of 7,919 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Innovator Power Buffer Step-Up Strategy ETF Stock Down 0.9%

Shares of NYSEARCA:PSTP traded down $0.35 during trading on Friday, reaching $37.32. The stock had a trading volume of 7,386 shares, compared to its average volume of 9,958. The stock has a fifty day simple moving average of $37.53 and a two-hundred day simple moving average of $36.41. Innovator Power Buffer Step-Up Strategy ETF has a 52 week low of $33.69 and a 52 week high of $37.91. The firm has a market capitalization of $132.49 million, a price-to-earnings ratio of 24.87 and a beta of 0.52.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Addison Capital Co acquired a new stake in Innovator Power Buffer Step-Up Strategy ETF in the 1st quarter valued at approximately $917,000. Citadel Advisors LLC acquired a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the second quarter worth approximately $716,000. Modera Wealth Management LLC acquired a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the third quarter worth approximately $427,000. Cetera Investment Advisers lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 6.6% during the first quarter. Cetera Investment Advisers now owns 133,520 shares of the company’s stock worth $4,602,000 after buying an additional 8,324 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 10.0% in the second quarter. Envestnet Asset Management Inc. now owns 76,628 shares of the company’s stock valued at $2,819,000 after acquiring an additional 6,986 shares during the period.

About Innovator Power Buffer Step-Up Strategy ETF

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.