Short Interest in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Increases By 794.5%

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 8,185 shares, a growth of 794.5% from the June 30th total of 915 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 4,204 shares, the short-interest ratio is currently 1.9 days.

Innovator Buffer Step-Up Strategy ETF Price Performance

BSTP traded up $0.03 during trading on Friday, hitting $39.11. The company’s stock had a trading volume of 698 shares, compared to its average volume of 5,190. Innovator Buffer Step-Up Strategy ETF has a twelve month low of $34.59 and a twelve month high of $39.65. The stock has a market cap of $59.45 million, a PE ratio of 23.53 and a beta of 0.69. The firm’s 50 day moving average price is $39.20 and its 200-day moving average price is $37.99.

Hedge Funds Weigh In On Innovator Buffer Step-Up Strategy ETF

Several institutional investors have recently added to or reduced their stakes in BSTP. Cetera Investment Advisers acquired a new stake in Innovator Buffer Step-Up Strategy ETF in the 1st quarter worth about $2,288,000. Kestra Advisory Services LLC increased its stake in shares of Innovator Buffer Step-Up Strategy ETF by 25.8% during the 1st quarter. Kestra Advisory Services LLC now owns 5,842 shares of the company’s stock valued at $210,000 after acquiring an additional 1,198 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 1.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 75,524 shares of the company’s stock worth $2,720,000 after acquiring an additional 1,122 shares during the period. OLD Mission Capital LLC grew its holdings in Innovator Buffer Step-Up Strategy ETF by 55.3% in the fourth quarter. OLD Mission Capital LLC now owns 21,618 shares of the company’s stock valued at $803,000 after purchasing an additional 7,701 shares during the period. Finally, Principal Securities Inc. grew its holdings in Innovator Buffer Step-Up Strategy ETF by 6.3% in the fourth quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock valued at $701,000 after purchasing an additional 1,127 shares during the period.

Innovator Buffer Step-Up Strategy ETF Company Profile

The Innovator Buffer Step-Up Strategy ETF (BSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for exposure to the SPDR S&P 500 ETF Trust (SPY) with buffered losses and gains through the active use of FLEX options, rebalanced monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. BSTP was launched on Mar 8, 2022 and is managed by Innovator.