Short Interest in Innovator U.S. Equity Ultra Buffer ETF – August (BATS:UAUG) Drops By 63.6%

Innovator U.S. Equity Ultra Buffer ETF – August (BATS:UAUG) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,180 shares, a decline of 63.6% from the April 30th total of 14,220 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 8,470 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UAUG. Broussard Financial Group LLC bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – August during the 4th quarter valued at approximately $15,697,000. Raymond James Financial Inc. grew its stake in shares of Innovator U.S. Equity Ultra Buffer ETF – August by 417.3% during the 3rd quarter. Raymond James Financial Inc. now owns 286,285 shares of the company’s stock valued at $11,253,000 after acquiring an additional 230,944 shares during the period. NewCorp Financial Services Inc. bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – August during the 4th quarter valued at approximately $2,297,000. Clearstead Advisors LLC bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – August during the 3rd quarter valued at approximately $1,392,000. Finally, Brookstone Capital Management grew its stake in shares of Innovator U.S. Equity Ultra Buffer ETF – August by 1.6% during the 4th quarter. Brookstone Capital Management now owns 1,675,549 shares of the company’s stock valued at $66,888,000 after acquiring an additional 26,690 shares during the period.

Innovator U.S. Equity Ultra Buffer ETF – August Trading Up 0.1%

Shares of BATS:UAUG opened at $41.86 on Friday. The stock has a 50 day moving average of $40.72 and a 200 day moving average of $40.20. The company has a market cap of $167.44 million, a PE ratio of 24.31 and a beta of 0.43. Innovator U.S. Equity Ultra Buffer ETF – August has a 12-month low of $35.75 and a 12-month high of $41.89.

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

The Innovator U.S. Equity Ultra Buffer ETF – August (UAUG) 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. UAUG was launched on Aug 1, 2019 and is managed by Innovator.