Short Interest in Innovator U.S. Equity Accelerated Plus ETF – October (BATS:XTOC) Drops By 41.8%

Innovator U.S. Equity Accelerated Plus ETF – October (BATS:XTOC) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 866 shares, a decline of 41.8% from the April 30th total of 1,487 shares. Based on an average daily volume of 2,051 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

Innovator U.S. Equity Accelerated Plus ETF – October Price Performance

Shares of BATS:XTOC opened at $35.99 on Tuesday. Innovator U.S. Equity Accelerated Plus ETF – October has a 1-year low of $28.83 and a 1-year high of $36.01. The company has a market capitalization of $16.20 million, a P/E ratio of 24.82 and a beta of 0.78. The firm’s 50 day simple moving average is $34.41 and its two-hundred day simple moving average is $33.77.

Hedge Funds Weigh In On Innovator U.S. Equity Accelerated Plus ETF – October

Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in Innovator U.S. Equity Accelerated Plus ETF – October during the fourth quarter valued at approximately $56,000. Arax Advisory Partners purchased a new position in Innovator U.S. Equity Accelerated Plus ETF – October during the fourth quarter valued at approximately $82,000. Kestra Advisory Services LLC purchased a new position in Innovator U.S. Equity Accelerated Plus ETF – October during the fourth quarter valued at approximately $84,000. Foundations Investment Advisors LLC purchased a new position in Innovator U.S. Equity Accelerated Plus ETF – October during the fourth quarter valued at approximately $315,000. Finally, Wood Tarver Financial Group LLC lifted its holdings in Innovator U.S. Equity Accelerated Plus ETF – October by 15.9% during the fourth quarter. Wood Tarver Financial Group LLC now owns 12,050 shares of the company’s stock valued at $403,000 after purchasing an additional 1,649 shares in the last quarter.

Innovator U.S. Equity Accelerated Plus ETF – October Company Profile

The Innovator U.S. Equity Accelerated Plus ETF – October (XTOC) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for 3x upside return of SPY to a cap, with approximately single exposure on the downside, over a one-year outcome period. XTOC was launched on Oct 1, 2021 and is managed by Innovator.