Short Interest in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Drops By 76.2%

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

Institutional Investors Weigh In On Innovator Buffer Step-Up Strategy ETF

A number of hedge funds have recently bought and sold shares of BSTP. Cetera Investment Advisers bought a new position in Innovator Buffer Step-Up Strategy ETF during the first quarter valued at $2,288,000. Sunbelt Securities Inc. increased its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 13.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 258,902 shares of the company’s stock worth $9,416,000 after buying an additional 31,330 shares during the last quarter. FSA Advisors Inc. raised its position in shares of Innovator Buffer Step-Up Strategy ETF by 160.5% during the 4th quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock valued at $626,000 after buying an additional 10,383 shares in the last quarter. OLD Mission Capital LLC lifted its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 55.3% in the 4th quarter. OLD Mission Capital LLC now owns 21,618 shares of the company’s stock valued at $803,000 after acquiring an additional 7,701 shares during the last quarter. Finally, D.B. Root & Company LLC lifted its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 2.8% in the 4th quarter. D.B. Root & Company LLC now owns 221,970 shares of the company’s stock valued at $8,242,000 after acquiring an additional 6,138 shares during the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Performance

NYSEARCA BSTP opened at $38.77 on Friday. The company has a market capitalization of $58.93 million, a P/E ratio of 23.53 and a beta of 0.69. Innovator Buffer Step-Up Strategy ETF has a one year low of $34.34 and a one year high of $39.55. The stock has a 50 day moving average price of $38.81 and a 200-day moving average price of $37.67.

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.