Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Sees Significant Decline in Short Interest

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 10,081 shares, a drop of 54.9% from the August 31st total of 22,336 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 22,593 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – May

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PMAY. Kestra Advisory Services LLC grew its stake in Innovator U.S. Equity Power Buffer ETF – May by 56.6% during the 1st quarter. Kestra Advisory Services LLC now owns 202,460 shares of the company’s stock valued at $8,086,000 after purchasing an additional 73,182 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 55.3% during the second quarter. Envestnet Asset Management Inc. now owns 161,643 shares of the company’s stock worth $6,676,000 after purchasing an additional 57,537 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 19.0% during the second quarter. CoreCap Advisors LLC now owns 89,165 shares of the company’s stock worth $3,683,000 after purchasing an additional 14,206 shares during the period. Independent Financial Group LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the first quarter worth about $3,386,000. Finally, Castle Rock Wealth Management LLC boosted its position in Innovator U.S. Equity Power Buffer ETF – May by 2.5% in the second quarter. Castle Rock Wealth Management LLC now owns 84,527 shares of the company’s stock valued at $3,491,000 after buying an additional 2,100 shares during the last quarter.

Innovator U.S. Equity Power Buffer ETF – May Trading Down 0.0%

BATS:PMAY opened at $42.24 on Wednesday. The company has a market capitalization of $710.90 million, a P/E ratio of 23.79 and a beta of 0.44. Innovator U.S. Equity Power Buffer ETF – May has a 12 month low of $38.65 and a 12 month high of $42.45. The firm has a fifty day simple moving average of $41.99 and a 200-day simple moving average of $41.20.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.