Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Short Interest Update

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

Innovator Power Buffer Step-Up Strategy ETF Trading Down 0.5%

Shares of PSTP stock opened at $36.39 on Friday. Innovator Power Buffer Step-Up Strategy ETF has a 1 year low of $32.04 and a 1 year high of $36.63. The firm’s fifty day moving average price is $35.37 and its two-hundred day moving average price is $35.31. The firm has a market capitalization of $129.18 million, a P/E ratio of 24.87 and a beta of 0.52.

Institutional Investors Weigh In On Innovator Power Buffer Step-Up Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSTP. Goldman Sachs Group Inc. acquired a new position in Innovator Power Buffer Step-Up Strategy ETF during the first quarter valued at approximately $238,000. Osaic Holdings Inc. boosted its position in Innovator Power Buffer Step-Up Strategy ETF by 5.0% during the second quarter. Osaic Holdings Inc. now owns 32,340 shares of the company’s stock valued at $1,079,000 after purchasing an additional 1,543 shares during the last quarter. AE Wealth Management LLC boosted its position in Innovator Power Buffer Step-Up Strategy ETF by 713.5% during the third quarter. AE Wealth Management LLC now owns 64,246 shares of the company’s stock valued at $2,234,000 after purchasing an additional 56,349 shares during the last quarter. Wealthgarden F.S. LLC boosted its position in Innovator Power Buffer Step-Up Strategy ETF by 5.5% during the third quarter. Wealthgarden F.S. LLC now owns 38,240 shares of the company’s stock valued at $1,335,000 after purchasing an additional 1,989 shares during the last quarter. Finally, Brown Wealth Management LLC boosted its position in Innovator Power Buffer Step-Up Strategy ETF by 23.0% during the third quarter. Brown Wealth Management LLC now owns 277,938 shares of the company’s stock valued at $9,667,000 after purchasing an additional 52,028 shares during the last quarter.

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.