Innovator U.S. Equity Power Buffer ETF – June (BATS:PJUN) Sees Large Increase in Short Interest

Innovator U.S. Equity Power Buffer ETF – June (BATS:PJUN) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 426,373 shares, a growth of 639.6% from the May 31st total of 57,647 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 483,116 shares, the days-to-cover ratio is currently 0.9 days.

Innovator U.S. Equity Power Buffer ETF – June Price Performance

BATS:PJUN opened at $42.80 on Friday. The firm has a market cap of $780.24 million, a PE ratio of 24.61 and a beta of 0.44. Innovator U.S. Equity Power Buffer ETF – June has a 12 month low of $39.53 and a 12 month high of $47.56. The company’s 50-day moving average price is $43.13 and its two-hundred day moving average price is $42.42.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Focus Partners Wealth boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – June by 717.2% in the 4th quarter. Focus Partners Wealth now owns 449,124 shares of the company’s stock worth $18,809,000 after acquiring an additional 394,162 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Innovator U.S. Equity Power Buffer ETF – June by 10.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,943,205 shares of the company’s stock valued at $117,022,000 after purchasing an additional 280,337 shares in the last quarter. Raymond James Financial Inc. raised its position in Innovator U.S. Equity Power Buffer ETF – June by 77.0% in the 2nd quarter. Raymond James Financial Inc. now owns 331,546 shares of the company’s stock valued at $13,182,000 after purchasing an additional 144,206 shares during the last quarter. MML Investors Services LLC raised its position in Innovator U.S. Equity Power Buffer ETF – June by 179.7% in the 2nd quarter. MML Investors Services LLC now owns 120,549 shares of the company’s stock valued at $4,793,000 after purchasing an additional 77,449 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – June in the first quarter worth $2,916,000.

About Innovator U.S. Equity Power Buffer ETF – June

The Innovator S&P 500 Power Buffer ETF – New (PJUN) 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. PJUN was launched on Jun 3, 2019 and is managed by Innovator.