Innovator International Developed Power Buffer ETF – May (NYSEARCA:IMAY) Short Interest Up 75.2% in May

Innovator International Developed Power Buffer ETF – May (NYSEARCA:IMAY) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 64,440 shares, an increase of 75.2% from the April 30th total of 36,791 shares. Based on an average daily trading volume, of 123,429 shares, the short-interest ratio is currently 0.5 days. Currently, 6.3% of the company’s stock are short sold.

Innovator International Developed Power Buffer ETF – May Stock Up 0.4%

IMAY stock traded up $0.14 during midday trading on Thursday, hitting $31.66. The company’s stock had a trading volume of 5,636 shares, compared to its average volume of 25,050. The firm has a 50-day simple moving average of $30.98 and a 200-day simple moving average of $30.36. The firm has a market capitalization of $32.29 million, a P/E ratio of 16.27 and a beta of 0.23. Innovator International Developed Power Buffer ETF – May has a 52-week low of $27.66 and a 52-week high of $31.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IMAY. Cetera Investment Advisers lifted its holdings in Innovator International Developed Power Buffer ETF – May by 13.6% during the 1st quarter. Cetera Investment Advisers now owns 14,725 shares of the company’s stock worth $444,000 after buying an additional 1,767 shares during the last quarter. Red Crane Wealth Management LLC increased its holdings in shares of Innovator International Developed Power Buffer ETF – May by 43.9% in the 1st quarter. Red Crane Wealth Management LLC now owns 14,310 shares of the company’s stock valued at $431,000 after acquiring an additional 4,365 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Innovator International Developed Power Buffer ETF – May during the 4th quarter worth about $2,737,000. Citadel Advisors LLC purchased a new stake in Innovator International Developed Power Buffer ETF – May during the third quarter worth approximately $271,000. Finally, Raymond James Financial Inc. lifted its stake in Innovator International Developed Power Buffer ETF – May by 27.4% during the third quarter. Raymond James Financial Inc. now owns 14,128 shares of the company’s stock worth $410,000 after purchasing an additional 3,038 shares during the last quarter.

About Innovator International Developed Power Buffer ETF – May

The Innovator International Developed Power Buffer ETF – May (IMAY) is an exchange-traded fund that mostly invests in total market equity. The fund aims to participate in the price movement of iShares MSCI EAFE ETF (ticker: EFA), up to a predetermined cap, while buffering the first 15% of losses over a one-year period starting May 1. The actively managed fund utilizes FLEX options and collateral. IMAY was launched on May 1, 2024 and is issued by Innovator.