Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Sees Large Drop in Short Interest

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,877 shares, a drop of 58.0% from the May 14th total of 4,474 shares. Based on an average trading volume of 117,481 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Innovator U.S. Equity Power Buffer ETF – November Stock Performance

Innovator U.S. Equity Power Buffer ETF – November stock opened at $43.91 on Friday. The company’s fifty day moving average price is $43.26 and its 200 day moving average price is $42.28. Innovator U.S. Equity Power Buffer ETF – November has a 1 year low of $38.67 and a 1 year high of $46.13. The stock has a market capitalization of $741.20 million, a P/E ratio of 24.05 and a beta of 0.45.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – November

A number of institutional investors have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – November in the 4th quarter valued at $44,000. Key Capital Management INC purchased a new position in Innovator U.S. Equity Power Buffer ETF – November in the 4th quarter valued at $46,000. NBC Securities Inc. purchased a new position in Innovator U.S. Equity Power Buffer ETF – November in the 4th quarter valued at $50,000. Capital Investment Advisory Services LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – November in the 4th quarter valued at $56,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – November in the 4th quarter valued at $104,000.

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

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) 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. PNOV was launched on Nov 1, 2019 and is managed by Innovator.