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

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,474 shares, a decline of 37.6% from the April 30th total of 7,169 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 54,422 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of Innovator U.S. Equity Power Buffer ETF – November stock opened at $44.42 on Wednesday. The firm has a market cap of $749.81 million, a price-to-earnings ratio of 24.05 and a beta of 0.45. Innovator U.S. Equity Power Buffer ETF – November has a 52-week low of $38.47 and a 52-week high of $46.13. The stock has a 50-day simple moving average of $42.73 and a 200-day simple moving average of $42.11.

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

Institutional investors have recently made changes to their positions in the company. Brookstone Capital Management raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 971.4% in the 4th quarter. Brookstone Capital Management now owns 1,247,662 shares of the company’s stock valued at $52,127,000 after acquiring an additional 1,131,213 shares in the last quarter. Diligent Investors LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 95.5% in the 4th quarter. Diligent Investors LLC now owns 43,982 shares of the company’s stock valued at $1,838,000 after acquiring an additional 21,482 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 89.1% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 71,392 shares of the company’s stock valued at $2,963,000 after acquiring an additional 33,647 shares in the last quarter. Chris Bulman Inc raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 102.5% in the 4th quarter. Chris Bulman Inc now owns 42,067 shares of the company’s stock valued at $1,758,000 after acquiring an additional 21,294 shares in the last quarter. Finally, CRA Financial Services LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 116.3% in the 4th quarter. CRA Financial Services LLC now owns 99,207 shares of the company’s stock valued at $4,145,000 after acquiring an additional 53,349 shares in the last quarter.

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

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.