Short Interest in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Increases By 180.2%

Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 3,654 shares, a growth of 180.2% from the April 15th total of 1,304 shares. Based on an average daily trading volume, of 7,043 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSTP. Cetera Investment Advisers raised its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 6.6% in the 1st quarter. Cetera Investment Advisers now owns 133,520 shares of the company’s stock valued at $4,602,000 after purchasing an additional 8,324 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 10.6% during the first quarter. Kestra Advisory Services LLC now owns 31,273 shares of the company’s stock worth $1,078,000 after buying an additional 2,985 shares during the period. Addison Capital Co acquired a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the first quarter worth about $917,000. Evolution Wealth Management Inc. grew its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 2.6% during the first quarter. Evolution Wealth Management Inc. now owns 43,392 shares of the company’s stock worth $1,496,000 after buying an additional 1,091 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 5.6% during the fourth quarter. Sunbelt Securities Inc. now owns 360,494 shares of the company’s stock worth $12,743,000 after buying an additional 19,194 shares in the last quarter.

Innovator Power Buffer Step-Up Strategy ETF Stock Up 0.3%

Innovator Power Buffer Step-Up Strategy ETF stock opened at $36.58 on Friday. The company has a 50 day moving average of $35.35 and a 200-day moving average of $35.30. Innovator Power Buffer Step-Up Strategy ETF has a twelve month low of $32.04 and a twelve month high of $36.63. The stock has a market capitalization of $129.86 million, a PE ratio of 24.87 and a beta of 0.52.

Innovator Power Buffer Step-Up Strategy ETF Company Profile

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