Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Short Interest Update

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 3,516 shares, a decrease of 81.5% from the June 15th total of 19,033 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 10,314 shares, the days-to-cover ratio is currently 0.3 days.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

NYSEARCA PSTP traded up $0.07 during mid-day trading on Friday, hitting $36.95. The company’s stock had a trading volume of 9,801 shares, compared to its average volume of 12,005. The firm has a market capitalization of $133.02 million, a P/E ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a 52-week low of $33.12 and a 52-week high of $37.01. The stock’s fifty day simple moving average is $36.58 and its two-hundred day simple moving average is $35.78.

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

A number of hedge funds have recently made changes to their positions in PSTP. Sunbelt Securities Inc. boosted its position in Innovator Power Buffer Step-Up Strategy ETF by 30.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 341,300 shares of the company’s stock worth $11,870,000 after purchasing an additional 78,942 shares during the period. AE Wealth Management LLC raised its position in Innovator Power Buffer Step-Up Strategy ETF by 71.1% in the fourth quarter. AE Wealth Management LLC now owns 109,901 shares of the company’s stock valued at $3,885,000 after purchasing an additional 45,655 shares during the period. Addison Capital Co acquired a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the first quarter worth about $917,000. FSA Advisors Inc. acquired a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the fourth quarter worth about $750,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the third quarter worth about $532,000.

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.