Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Stock Short Interest Falls 57.1%

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,938 shares, a decline of 57.1% from the September 30th total of 4,522 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 7,919 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Innovator Power Buffer Step-Up Strategy ETF

Hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 6.6% in the first quarter. Cetera Investment Advisers now owns 133,520 shares of the company’s stock valued at $4,602,000 after purchasing an additional 8,324 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 10.0% in the second quarter. Envestnet Asset Management Inc. now owns 76,628 shares of the company’s stock valued at $2,819,000 after purchasing an additional 6,986 shares during the period. Evolution Wealth Management Inc. lifted its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 2.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 43,392 shares of the company’s stock worth $1,496,000 after buying an additional 1,091 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 10.6% during the 1st quarter. Kestra Advisory Services LLC now owns 31,273 shares of the company’s stock worth $1,078,000 after buying an additional 2,985 shares during the last quarter. Finally, Addison Capital Co acquired a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF during the 1st quarter worth about $917,000.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

NYSEARCA PSTP traded down $0.35 during trading on Friday, reaching $37.32. 7,386 shares of the company’s stock were exchanged, compared to its average volume of 9,958. The business has a 50 day moving average price of $37.53 and a 200-day moving average price of $36.42. The stock has a market capitalization of $132.49 million, a P/E ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a fifty-two week low of $33.69 and a fifty-two week high of $37.91.

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.