Innovator U.S. Equity Buffer ETF – November (BATS:BNOV) Sees Large Drop in Short Interest

Innovator U.S. Equity Buffer ETF – November (BATS:BNOV) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,561 shares, a drop of 51.0% from the September 15th total of 3,188 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 25,521 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BNOV. Brookstone Capital Management raised its position in shares of Innovator U.S. Equity Buffer ETF – November by 8.9% in the 1st quarter. Brookstone Capital Management now owns 709,252 shares of the company’s stock worth $30,514,000 after acquiring an additional 58,047 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Innovator U.S. Equity Buffer ETF – November by 10.3% during the 1st quarter. Cetera Investment Advisers now owns 74,710 shares of the company’s stock worth $3,214,000 after purchasing an additional 6,991 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Innovator U.S. Equity Buffer ETF – November by 50.4% during the 1st quarter. Kestra Advisory Services LLC now owns 52,517 shares of the company’s stock worth $2,259,000 after purchasing an additional 17,601 shares during the last quarter. Integral Investment Advisors Inc. boosted its position in Innovator U.S. Equity Buffer ETF – November by 16.5% during the first quarter. Integral Investment Advisors Inc. now owns 35,285 shares of the company’s stock valued at $1,518,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in Innovator U.S. Equity Buffer ETF – November by 2.8% during the first quarter. Arkadios Wealth Advisors now owns 24,759 shares of the company’s stock valued at $1,065,000 after purchasing an additional 679 shares in the last quarter.

Innovator U.S. Equity Buffer ETF – November Stock Down 1.1%

Shares of BATS:BNOV opened at $49.40 on Thursday. The company has a market capitalization of $160.55 million, a price-to-earnings ratio of 23.95 and a beta of 0.64. Innovator U.S. Equity Buffer ETF – November has a 52 week low of $42.06 and a 52 week high of $50.04. The firm has a 50 day moving average of $49.17 and a 200 day moving average of $47.66.

About Innovator U.S. Equity Buffer ETF – November

The Innovator U.S. Equity Buffer ETF – November (BNOV) is an exchange-traded fund that is based on the S&P 500 Price Return index. The fund is an actively managed ETF designed to track the price return of the S&P 500 with capped gains and some buffering against losses over a predetermined period. BNOV was launched on Nov 1, 2019 and is managed by Innovator.