Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Sees Large Growth in Short Interest

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 19,033 shares, an increase of 96.5% from the May 31st total of 9,684 shares. Based on an average trading volume of 5,639 shares, the short-interest ratio is currently 3.4 days. Currently, 0.5% of the shares of the company are short sold.

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

A number of institutional investors have recently modified their holdings of PSTP. FSA Advisors Inc. acquired a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the fourth quarter valued at approximately $750,000. AE Wealth Management LLC grew its position in Innovator Power Buffer Step-Up Strategy ETF by 71.1% during the fourth quarter. AE Wealth Management LLC now owns 109,901 shares of the company’s stock worth $3,885,000 after buying an additional 45,655 shares in the last quarter. Sunbelt Securities Inc. grew its position in Innovator Power Buffer Step-Up Strategy ETF by 5.6% during the fourth quarter. Sunbelt Securities Inc. now owns 360,494 shares of the company’s stock worth $12,743,000 after buying an additional 19,194 shares in the last quarter. COFG Advisors LLC bought a new position in Innovator Power Buffer Step-Up Strategy ETF during the 4th quarter worth $315,000. Finally, Lloyd Advisory Services LLC. bought a new position in Innovator Power Buffer Step-Up Strategy ETF during the 4th quarter worth $305,000.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

Shares of NYSEARCA PSTP remained flat at $36.78 during trading hours on Wednesday. The stock had a trading volume of 1,526 shares, compared to its average volume of 11,992. The company has a market cap of $130.57 million, a price-to-earnings ratio of 24.87 and a beta of 0.52. The company’s 50 day simple moving average is $36.43 and its two-hundred day simple moving average is $35.69. Innovator Power Buffer Step-Up Strategy ETF has a one year low of $33.12 and a one year high of $37.01.

Innovator Power Buffer Step-Up Strategy ETF Company Profile

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.