Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Short Interest Down 91.1% in May

Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,031 shares, a drop of 91.1% from the April 30th total of 11,586 shares. Based on an average trading volume of 24,740 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

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

BATS PSEP opened at $45.88 on Friday. Innovator U.S. Equity Power Buffer ETF – September has a 12 month low of $39.45 and a 12 month high of $45.90. The firm has a market capitalization of $818.96 million, a PE ratio of 25.05 and a beta of 0.48. The company’s 50 day simple moving average is $44.58 and its 200 day simple moving average is $43.99.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 2.6% during the third quarter. Alliancebernstein L.P. now owns 3,389,532 shares of the company’s stock valued at $145,580,000 after acquiring an additional 84,571 shares during the period. Penserra Capital Management LLC grew its position in Innovator U.S. Equity Power Buffer ETF – September by 1.7% in the third quarter. Penserra Capital Management LLC now owns 1,457,530 shares of the company’s stock worth $62,600,000 after buying an additional 23,815 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Innovator U.S. Equity Power Buffer ETF – September by 159,633.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,070,212 shares of the company’s stock worth $46,788,000 after buying an additional 1,069,542 shares during the last quarter. Citadel Advisors LLC grew its position in Innovator U.S. Equity Power Buffer ETF – September by 7,856.9% in the third quarter. Citadel Advisors LLC now owns 699,094 shares of the company’s stock worth $30,026,000 after buying an additional 690,308 shares during the last quarter. Finally, Susquehanna International Group LLP grew its position in Innovator U.S. Equity Power Buffer ETF – September by 2,832.0% in the third quarter. Susquehanna International Group LLP now owns 618,002 shares of the company’s stock worth $26,543,000 after buying an additional 596,924 shares during the last quarter.

Innovator U.S. Equity Power Buffer ETF – September Company Profile

The Innovator S&P 500 Power Buffer ETF – September (PSEP) 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. PSEP was launched on Sep 3, 2019 and is managed by Innovator.