Innovator MSCI EAFE Power Buffer ETF – January (NYSEARCA:IJAN) Sees Large Drop in Short Interest

Innovator MSCI EAFE Power Buffer ETF – January (NYSEARCA:IJAN) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 9,129 shares, a drop of 73.9% from the August 15th total of 34,922 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,888 shares, the short-interest ratio is currently 1.9 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Allworth Financial LP lifted its position in Innovator MSCI EAFE Power Buffer ETF – January by 6,925.0% during the second quarter. Allworth Financial LP now owns 665,968 shares of the company’s stock valued at $25,360,000 after purchasing an additional 656,488 shares during the period. Compass Advisory Group LLC grew its position in Innovator MSCI EAFE Power Buffer ETF – January by 346.8% during the 1st quarter. Compass Advisory Group LLC now owns 832,806 shares of the company’s stock worth $30,214,000 after purchasing an additional 646,399 shares during the period. Cornerstone Wealth LLC TN purchased a new position in shares of Innovator MSCI EAFE Power Buffer ETF – January during the 1st quarter valued at about $4,746,000. Long Island Wealth Management Inc. raised its stake in shares of Innovator MSCI EAFE Power Buffer ETF – January by 20.2% during the 1st quarter. Long Island Wealth Management Inc. now owns 510,484 shares of the company’s stock valued at $18,520,000 after buying an additional 85,666 shares during the last quarter. Finally, BFI Wealth Solutions LLC acquired a new position in shares of Innovator MSCI EAFE Power Buffer ETF – January in the 4th quarter valued at about $2,904,000.

Innovator MSCI EAFE Power Buffer ETF – January Stock Up 0.3%

Shares of IJAN traded up $0.13 during trading hours on Friday, reaching $38.92. 16,709 shares of the company traded hands, compared to its average volume of 36,870. The stock has a market capitalization of $262.71 million, a P/E ratio of 16.19 and a beta of 0.49. Innovator MSCI EAFE Power Buffer ETF – January has a 12-month low of $34.90 and a 12-month high of $39.26. The business has a fifty day moving average price of $38.66 and a 200-day moving average price of $37.75.

Innovator MSCI EAFE Power Buffer ETF – January Company Profile

The Innovator International Developed Power Buffer ETF – January (IJAN) is an exchange-traded fund that is based on the MSCI EAFE index. The fund aims for specific buffered losses and capped gains on the MSCI EAFE Index over a specific holdings period. The actively-managed fund holds options and collateral. IJAN was launched on Jan 2, 2020 and is managed by Innovator.