Innovator U.S. Equity Buffer ETF – January (BATS:BJAN) Sees Large Growth in Short Interest

Innovator U.S. Equity Buffer ETF – January (BATS:BJAN) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 88,774 shares, a growth of 604.9% from the June 30th total of 12,594 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 16,410 shares, the days-to-cover ratio is currently 5.4 days.

Innovator U.S. Equity Buffer ETF – January Stock Performance

BJAN stock opened at $58.73 on Monday. The stock has a market cap of $362.95 million, a P/E ratio of 24.36 and a beta of 0.68. The stock’s fifty day simple moving average is $58.70 and its two-hundred day simple moving average is $56.61. Innovator U.S. Equity Buffer ETF – January has a 1-year low of $50.43 and a 1-year high of $59.35.

Institutional Trading of Innovator U.S. Equity Buffer ETF – January

Several hedge funds have recently added to or reduced their stakes in BJAN. Chapman Financial Group LLC bought a new position in shares of Innovator U.S. Equity Buffer ETF – January during the 2nd quarter valued at approximately $50,000. Ausdal Financial Partners Inc. bought a new stake in shares of Innovator U.S. Equity Buffer ETF – January in the 4th quarter worth approximately $205,000. Chris Bulman Inc bought a new stake in shares of Innovator U.S. Equity Buffer ETF – January in the 4th quarter worth approximately $235,000. Parallel Advisors LLC purchased a new position in Innovator U.S. Equity Buffer ETF – January in the fourth quarter valued at approximately $251,000. Finally, IMG Wealth Management Inc. purchased a new position in Innovator U.S. Equity Buffer ETF – January in the first quarter valued at approximately $256,000.

About Innovator U.S. Equity Buffer ETF – January

The Innovator U.S. Equity Buffer ETF – January (BJAN) is an exchange-traded fund that is based on the S&P 500 Price Return index. The fund aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. BJAN was launched on Jan 2, 2019 and is managed by Innovator.