Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) Stock Short Interest Declines 57.4%

Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 37,478 shares, a drop of 57.4% from the September 15th total of 87,954 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 194,264 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC boosted its stake in Innovator U.S. Equity Ultra Buffer ETF – September by 243.1% in the 2nd quarter. Continuum Advisory LLC now owns 36,429 shares of the company’s stock valued at $1,651,000 after buying an additional 25,810 shares in the last quarter. Beacon Financial Advisory LLC bought a new stake in Innovator U.S. Equity Ultra Buffer ETF – September in the second quarter valued at $2,097,000. IFP Advisors Inc acquired a new position in Innovator U.S. Equity Ultra Buffer ETF – September during the second quarter worth $1,319,000. Three Seasons Wealth LLC acquired a new position in Innovator U.S. Equity Ultra Buffer ETF – September during the second quarter worth $1,114,000. Finally, Bedel Financial Consulting Inc. raised its stake in Innovator U.S. Equity Ultra Buffer ETF – September by 161.9% during the second quarter. Bedel Financial Consulting Inc. now owns 38,221 shares of the company’s stock worth $1,691,000 after acquiring an additional 23,628 shares in the last quarter.

Innovator U.S. Equity Ultra Buffer ETF – September Stock Performance

BATS:USEP opened at $42.46 on Wednesday. The company has a 50-day moving average of $42.05 and a 200-day moving average of $41.22. Innovator U.S. Equity Ultra Buffer ETF – September has a 52 week low of $38.06 and a 52 week high of $42.59. The company has a market capitalization of $154.13 million, a price-to-earnings ratio of 24.18 and a beta of 0.40.

Innovator U.S. Equity Ultra Buffer ETF – September Company Profile

The Innovator S&P 500 Ultra Buffer ETF – September (USEP) 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. USEP was launched on Sep 3, 2019 and is managed by Innovator.