Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Shares Shorted: Short Interest Down 80.8% in October

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 1,171 shares, a drop of 80.8% from the September 30th total of 6,095 shares. Based on an average daily volume of 2,370 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Innovator Buffer Step-Up Strategy ETF Stock Performance

BSTP stock traded up $0.07 during midday trading on Wednesday, hitting $40.48. 557 shares of the stock were exchanged, compared to its average volume of 4,502. The stock’s 50-day moving average price is $40.24 and its 200-day moving average price is $38.71. The stock has a market cap of $119.42 million, a price-to-earnings ratio of 23.53 and a beta of 0.69. Innovator Buffer Step-Up Strategy ETF has a fifty-two week low of $35.22 and a fifty-two week high of $40.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. William Mack & Associates Inc. acquired a new position in shares of Innovator Buffer Step-Up Strategy ETF during the 3rd quarter worth $117,000. Kestra Advisory Services LLC grew its stake in Innovator Buffer Step-Up Strategy ETF by 25.8% in the 1st quarter. Kestra Advisory Services LLC now owns 5,842 shares of the company’s stock valued at $210,000 after acquiring an additional 1,198 shares during the last quarter. Citadel Advisors LLC grew its stake in Innovator Buffer Step-Up Strategy ETF by 3.8% in the 2nd quarter. Citadel Advisors LLC now owns 7,927 shares of the company’s stock valued at $312,000 after acquiring an additional 291 shares during the last quarter. Brookstone Capital Management acquired a new stake in Innovator Buffer Step-Up Strategy ETF in the 3rd quarter valued at about $1,109,000. Finally, Cetera Investment Advisers purchased a new position in Innovator Buffer Step-Up Strategy ETF during the 1st quarter valued at about $2,288,000.

About Innovator Buffer Step-Up Strategy ETF

The Innovator Buffer Step-Up Strategy ETF (BSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for exposure to the SPDR S&P 500 ETF Trust (SPY) with buffered losses and gains through the active use of FLEX options, rebalanced monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. BSTP was launched on Mar 8, 2022 and is managed by Innovator.