Short Interest in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Rises By 119.0%

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,122 shares, an increase of 119.0% from the April 30th total of 2,796 shares. Based on an average daily trading volume, of 5,528 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of Innovator Buffer Step-Up Strategy ETF

Several institutional investors have recently added to or reduced their stakes in BSTP. Cetera Investment Advisers purchased a new stake in Innovator Buffer Step-Up Strategy ETF during the first quarter valued at about $2,288,000. Sunbelt Securities Inc. boosted its position in Innovator Buffer Step-Up Strategy ETF by 13.8% during the third quarter. Sunbelt Securities Inc. now owns 258,902 shares of the company’s stock valued at $9,416,000 after buying an additional 31,330 shares during the period. FSA Advisors Inc. boosted its position in Innovator Buffer Step-Up Strategy ETF by 160.5% during the fourth quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock valued at $626,000 after buying an additional 10,383 shares during the period. OLD Mission Capital LLC boosted its position in Innovator Buffer Step-Up Strategy ETF by 55.3% during the fourth quarter. OLD Mission Capital LLC now owns 21,618 shares of the company’s stock valued at $803,000 after buying an additional 7,701 shares during the period. Finally, D.B. Root & Company LLC raised its stake in shares of Innovator Buffer Step-Up Strategy ETF by 2.8% during the fourth quarter. D.B. Root & Company LLC now owns 221,970 shares of the company’s stock valued at $8,242,000 after acquiring an additional 6,138 shares during the last quarter.

Innovator Buffer Step-Up Strategy ETF Price Performance

NYSEARCA BSTP traded up $0.02 during trading on Tuesday, hitting $39.48. 3,826 shares of the company’s stock traded hands, compared to its average volume of 5,790. The stock has a fifty day moving average of $37.82 and a two-hundred day moving average of $37.34. Innovator Buffer Step-Up Strategy ETF has a 12-month low of $33.39 and a 12-month high of $39.55. The firm has a market cap of $60.01 million, a P/E ratio of 23.53 and a beta of 0.70.

About Innovator Buffer Step-Up Strategy ETF

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.