Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Short Interest Update

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 11,158 shares, a decline of 35.4% from the January 29th total of 17,276 shares. Based on an average daily trading volume, of 7,860 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 7,860 shares, the days-to-cover ratio is presently 1.4 days.

Innovator Buffer Step-Up Strategy ETF Price Performance

Shares of Innovator Buffer Step-Up Strategy ETF stock traded down $0.12 during midday trading on Friday, hitting $37.31. The company had a trading volume of 16,444 shares, compared to its average volume of 6,358. The stock has a market cap of $56.71 million, a PE ratio of 23.53 and a beta of 0.71. Innovator Buffer Step-Up Strategy ETF has a 1-year low of $29.54 and a 1-year high of $38.13. The business’s 50 day simple moving average is $37.37 and its two-hundred day simple moving average is $36.68.

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

Several hedge funds have recently made changes to their positions in BSTP. Envestnet Asset Management Inc. grew its position in Innovator Buffer Step-Up Strategy ETF by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 26,622 shares of the company’s stock worth $920,000 after buying an additional 1,612 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of Innovator Buffer Step-Up Strategy ETF by 7.3% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 18,506 shares of the company’s stock worth $673,000 after acquiring an additional 1,256 shares during the period. Assetmark Inc. acquired a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the 3rd quarter worth approximately $47,000. Vista Cima Wealth Management LLC increased its position in shares of Innovator Buffer Step-Up Strategy ETF by 8.9% during the third quarter. Vista Cima Wealth Management LLC now owns 37,647 shares of the company’s stock valued at $1,369,000 after purchasing an additional 3,084 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in shares of Innovator Buffer Step-Up Strategy ETF by 13.8% in the third quarter. Sunbelt Securities Inc. now owns 258,902 shares of the company’s stock valued at $9,416,000 after purchasing an additional 31,330 shares in the last quarter.

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.