Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Sees Large Decrease in Short Interest

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,392 shares, a decline of 76.2% from the May 31st total of 5,841 shares. Based on an average trading volume of 3,546 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Innovator Buffer Step-Up Strategy ETF Stock Down 0.2%

NYSEARCA BSTP traded down $0.08 during trading hours on Friday, hitting $38.77. 1,855 shares of the stock were exchanged, compared to its average volume of 5,505. The company has a market cap of $58.93 million, a price-to-earnings ratio of 23.53 and a beta of 0.69. Innovator Buffer Step-Up Strategy ETF has a 12-month low of $34.34 and a 12-month high of $39.55. The stock has a 50-day moving average of $38.81 and a 200 day moving average of $37.67.

Hedge Funds Weigh In On Innovator Buffer Step-Up Strategy ETF

A number of large investors have recently modified their holdings of the business. Allworth Financial LP lifted its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 70.6% in the 3rd quarter. Allworth Financial LP now owns 2,054 shares of the company’s stock valued at $75,000 after buying an additional 850 shares during the period. Kestra Advisory Services LLC acquired a new position in Innovator Buffer Step-Up Strategy ETF during the fourth quarter worth $172,000. Captrust Financial Advisors purchased a new position in Innovator Buffer Step-Up Strategy ETF in the second quarter worth $206,000. FSA Advisors Inc. raised its position in Innovator Buffer Step-Up Strategy ETF by 160.5% in the fourth quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock worth $626,000 after acquiring an additional 10,383 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in Innovator Buffer Step-Up Strategy ETF by 6.3% in the fourth quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock valued at $701,000 after acquiring an additional 1,127 shares during the period.

About Innovator Buffer Step-Up Strategy ETF

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