Innovator Equity Premium Income – Daily PutWrite ETF (NYSEARCA:SPUT – Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 7,700 shares, a drop of 39.9% from the April 30th total of 12,818 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 5,856 shares, the days-to-cover ratio is currently 1.3 days.
Innovator Equity Premium Income – Daily PutWrite ETF Stock Performance
NYSEARCA:SPUT opened at $28.71 on Tuesday. The company has a market cap of $14.36 million, a PE ratio of 25.67 and a beta of 0.54. Innovator Equity Premium Income – Daily PutWrite ETF has a 52-week low of $22.64 and a 52-week high of $29.93. The stock has a 50-day simple moving average of $27.66 and a 200 day simple moving average of $27.37.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Waverly Advisors LLC grew its stake in Innovator Equity Premium Income – Daily PutWrite ETF by 308.4% in the first quarter. Waverly Advisors LLC now owns 9,732 shares of the company’s stock valued at $258,000 after purchasing an additional 7,349 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in Innovator Equity Premium Income – Daily PutWrite ETF in the fourth quarter valued at approximately $250,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Innovator Equity Premium Income – Daily PutWrite ETF during the 4th quarter worth approximately $43,000.
Innovator Equity Premium Income – Daily PutWrite ETF Company Profile
The Innovator Daily PutWrite ETF (SPUT) is an exchange-traded fund that mostly invests in large cap equity. The fund actively pursues exposure to US large-cap equities, while providing monthly income through a daily options put-writing strategy. SPUT was launched on Mar 14, 2025 and is issued by Innovator.
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