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

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 17,377 shares, a growth of 394.2% from the June 30th total of 3,516 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 10,507 shares, the short-interest ratio is currently 1.7 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the 3rd quarter valued at about $49,000. Capital Investment Advisory Services LLC grew its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 30.2% during the fourth quarter. Capital Investment Advisory Services LLC now owns 2,296 shares of the company’s stock worth $81,000 after purchasing an additional 532 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the first quarter worth approximately $238,000. JPMorgan Chase & Co. increased its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 2,234.3% in the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the company’s stock worth $267,000 after purchasing an additional 7,351 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the third quarter worth approximately $289,000.

Innovator Power Buffer Step-Up Strategy ETF Trading Up 0.1%

Shares of Innovator Power Buffer Step-Up Strategy ETF stock traded up $0.02 during trading on Friday, hitting $36.66. The stock had a trading volume of 4,249 shares, compared to its average volume of 11,617. The firm has a market cap of $131.98 million, a price-to-earnings ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a 12 month low of $33.12 and a 12 month high of $37.03. The business’s 50-day moving average is $36.68 and its 200 day moving average is $35.87.

About Innovator Power Buffer Step-Up Strategy ETF

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.