Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Stock Short Interest Falls 96.4%

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 42 shares, a decline of 96.4% from the October 15th total of 1,171 shares. Based on an average daily volume of 6,104 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Innovator Buffer Step-Up Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BSTP. HighTower Advisors LLC purchased a new position in Innovator Buffer Step-Up Strategy ETF in the 3rd quarter valued at $1,050,000. Commonwealth Equity Services LLC purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the third quarter worth $1,037,000. William Mack & Associates Inc. purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the third quarter worth $117,000. Brookstone Capital Management purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the third quarter worth $1,109,000. Finally, Citadel Advisors LLC raised its position in shares of Innovator Buffer Step-Up Strategy ETF by 3.8% in the second quarter. Citadel Advisors LLC now owns 7,927 shares of the company’s stock valued at $312,000 after buying an additional 291 shares during the last quarter.

Innovator Buffer Step-Up Strategy ETF Price Performance

Innovator Buffer Step-Up Strategy ETF stock traded down $0.15 during midday trading on Tuesday, reaching $39.70. The company had a trading volume of 1,439 shares, compared to its average volume of 4,584. The company has a market capitalization of $58.76 million, a P/E ratio of 23.53 and a beta of 0.69. Innovator Buffer Step-Up Strategy ETF has a 12-month low of $35.22 and a 12-month high of $40.73. The firm’s fifty day simple moving average is $40.19 and its 200-day simple moving average is $38.83.

Innovator Buffer Step-Up Strategy ETF Company Profile

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.