Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Shares Shorted: Short Interest Up 484.0% in October

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 72,808 shares, an increase of 484.0% from the October 15th total of 12,467 shares. Based on an average daily volume of 136,794 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 93.3% in the second quarter. Citadel Advisors LLC now owns 31,624 shares of the company’s stock worth $1,403,000 after acquiring an additional 15,263 shares in the last quarter. Forvis Mazars Wealth Advisors LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November in the third quarter valued at $609,000. Talon Private Wealth LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November in the first quarter valued at $1,174,000. AdvisorNet Financial Inc acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November in the third quarter valued at $729,000. Finally, Diligent Investors LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – November in the third quarter valued at $1,993,000.

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

Shares of PNOV stock opened at $45.73 on Friday. The stock has a market capitalization of $820.85 million, a P/E ratio of 24.05 and a beta of 0.52. The company has a 50 day moving average price of $45.74 and a 200 day moving average price of $43.95. Innovator U.S. Equity Power Buffer ETF – November has a fifty-two week low of $40.09 and a fifty-two week high of $46.39.

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.