Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Shares Shorted: Short Interest Down 96.4% in October

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 42 shares, a decrease 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 presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of Innovator Buffer Step-Up Strategy ETF

A number of hedge funds have recently bought and sold shares of BSTP. Cetera Investment Advisers purchased a new position in Innovator Buffer Step-Up Strategy ETF in the first quarter valued at approximately $2,288,000. Brookstone Capital Management bought a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the 3rd quarter worth $1,109,000. HighTower Advisors LLC bought a new position in shares of Innovator Buffer Step-Up Strategy ETF during the 3rd quarter valued at about $1,050,000. Commonwealth Equity Services LLC bought a new stake in Innovator Buffer Step-Up Strategy ETF in the 3rd quarter worth approximately $1,037,000. Finally, Citadel Advisors LLC boosted its stake in 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 worth $312,000 after buying an additional 291 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Up 1.1%

BSTP traded up $0.44 during midday trading on Wednesday, hitting $40.14. The company had a trading volume of 281 shares, compared to its average volume of 4,564. The stock’s 50 day moving average price is $40.19 and its 200 day moving average price is $38.83. The company has a market capitalization of $59.41 million, a price-to-earnings ratio of 23.53 and a beta of 0.69. Innovator Buffer Step-Up Strategy ETF has a 52 week low of $35.22 and a 52 week high of $40.73.

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.