Innovator U.S. Equity Ultra Buffer ETF – November (BATS:UNOV) Sees Large Drop in Short Interest

Innovator U.S. Equity Ultra Buffer ETF – November (BATS:UNOV) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 191 shares, a drop of 77.5% from the April 30th total of 848 shares. Based on an average daily trading volume, of 24,605 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Innovator U.S. Equity Ultra Buffer ETF – November Price Performance

Shares of UNOV opened at $40.08 on Friday. Innovator U.S. Equity Ultra Buffer ETF – November has a one year low of $34.83 and a one year high of $40.16. The company has a 50-day moving average of $38.70 and a two-hundred day moving average of $38.28. The stock has a market cap of $92.18 million, a price-to-earnings ratio of 24.93 and a beta of 0.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arkadios Wealth Advisors boosted its holdings in shares of Innovator U.S. Equity Ultra Buffer ETF – November by 10.8% in the first quarter. Arkadios Wealth Advisors now owns 14,524 shares of the company’s stock worth $541,000 after buying an additional 1,418 shares during the period. Talon Private Wealth LLC acquired a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – November during the first quarter worth approximately $36,033,000. Independent Financial Group LLC acquired a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – November during the first quarter worth approximately $272,000. Kestra Advisory Services LLC boosted its holdings in shares of Innovator U.S. Equity Ultra Buffer ETF – November by 4.2% during the first quarter. Kestra Advisory Services LLC now owns 68,182 shares of the company’s stock worth $2,541,000 after purchasing an additional 2,773 shares during the period. Finally, Money Concepts Capital Corp acquired a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – November during the first quarter worth approximately $845,000.

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

The Innovator U.S. Equity Ultra Buffer ETF – November (UNOV) 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. UNOV was launched on Nov 1, 2019 and is managed by Innovator.