Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) Short Interest Up 1,175.6% in August

Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 19,058 shares, a growth of 1,175.6% from the August 15th total of 1,494 shares. Based on an average daily volume of 15,847 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the shares of the stock are sold short.

Innovator U.S. Equity Ultra Buffer ETF – September Stock Performance

Shares of BATS USEP traded down $0.14 during midday trading on Thursday, reaching $41.78. The stock had a trading volume of 60,102 shares, compared to its average volume of 24,509. The stock has a 50-day moving average of $41.76 and a 200-day moving average of $40.74. The company has a market capitalization of $151.66 million, a price-to-earnings ratio of 24.18 and a beta of 0.40. Innovator U.S. Equity Ultra Buffer ETF – September has a 12-month low of $38.06 and a 12-month high of $42.26.

Institutional Investors Weigh In On Innovator U.S. Equity Ultra Buffer ETF – September

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. lifted its position in shares of Innovator U.S. Equity Ultra Buffer ETF – September by 23.4% in the second quarter. Raymond James Financial Inc. now owns 16,003 shares of the company’s stock valued at $590,000 after acquiring an additional 3,039 shares in the last quarter. Aptus Capital Advisors LLC purchased a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – September during the third quarter worth about $134,000. IMG Wealth Management Inc. raised its stake in Innovator U.S. Equity Ultra Buffer ETF – September by 46.3% during the 4th quarter. IMG Wealth Management Inc. now owns 7,343 shares of the company’s stock valued at $289,000 after purchasing an additional 2,323 shares during the period. Foundations Investment Advisors LLC raised its stake in Innovator U.S. Equity Ultra Buffer ETF – September by 39.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 23,685 shares of the company’s stock valued at $932,000 after purchasing an additional 6,668 shares during the period. Finally, Colton Groome Financial Advisors LLC purchased a new position in Innovator U.S. Equity Ultra Buffer ETF – September in the 4th quarter worth approximately $249,000.

Innovator U.S. Equity Ultra Buffer ETF – September Company Profile

The Innovator S&P 500 Ultra Buffer ETF – September (USEP) 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. USEP was launched on Sep 3, 2019 and is managed by Innovator.