Short Interest in Innovator U.S. Equity Ultra Buffer ETF – May (BATS:UMAY) Grows By 255.0%

Innovator U.S. Equity Ultra Buffer ETF – May (BATS:UMAY) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 96,058 shares, an increase of 255.0% from the April 30th total of 27,061 shares. Based on an average daily volume of 62,388 shares, the days-to-cover ratio is presently 1.5 days. Approximately 5.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Innovator U.S. Equity Ultra Buffer ETF – May

A number of institutional investors and hedge funds have recently bought and sold shares of UMAY. Raymond James Financial Inc. increased its position in Innovator U.S. Equity Ultra Buffer ETF – May by 69.4% during the second quarter. Raymond James Financial Inc. now owns 27,056 shares of the company’s stock worth $940,000 after acquiring an additional 11,088 shares during the period. MML Investors Services LLC increased its position in Innovator U.S. Equity Ultra Buffer ETF – May by 216.8% during the second quarter. MML Investors Services LLC now owns 21,583 shares of the company’s stock worth $750,000 after acquiring an additional 14,770 shares during the period. Foundations Investment Advisors LLC bought a new position in Innovator U.S. Equity Ultra Buffer ETF – May during the third quarter worth $468,000. Bedel Financial Consulting Inc. bought a new position in Innovator U.S. Equity Ultra Buffer ETF – May during the third quarter worth $205,000. Finally, Focus Partners Advisor Solutions LLC increased its position in Innovator U.S. Equity Ultra Buffer ETF – May by 100.0% during the third quarter. Focus Partners Advisor Solutions LLC now owns 14,710 shares of the company’s stock worth $531,000 after acquiring an additional 7,355 shares during the period.

Innovator U.S. Equity Ultra Buffer ETF – May Stock Up 0.2%

BATS:UMAY opened at $38.01 on Friday. Innovator U.S. Equity Ultra Buffer ETF – May has a 12 month low of $34.19 and a 12 month high of $38.04. The firm has a market cap of $66.52 million, a price-to-earnings ratio of 24.88 and a beta of 0.39. The company’s 50 day moving average is $37.29 and its 200-day moving average is $36.81.

About Innovator U.S. Equity Ultra Buffer ETF – May

The Innovator S&P 500 Ultra Buffer ETF – May (UMAY) 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. UMAY was launched on May 1, 2020 and is managed by Innovator.