Short Interest in Innovator U.S. Equity Ultra Buffer ETF – May (BATS:UMAY) Declines By 44.8%

Innovator U.S. Equity Ultra Buffer ETF – May (BATS:UMAY) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 53,026 shares, a decline of 44.8% from the May 14th total of 96,058 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average trading volume of 248,916 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of institutional investors have recently modified their holdings of UMAY. Advisory Services Network LLC acquired a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – May in the 3rd quarter valued at $110,000. Bedel Financial Consulting Inc. acquired a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – May in the 3rd quarter valued at $205,000. AssuredPartners Investment Advisors LLC acquired a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – May in the 4th quarter valued at $303,000. IMG Wealth Management Inc. increased its holdings in shares of Innovator U.S. Equity Ultra Buffer ETF – May by 14.0% in the 4th quarter. IMG Wealth Management Inc. now owns 11,071 shares of the company’s stock valued at $405,000 after acquiring an additional 1,363 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its holdings in shares of Innovator U.S. Equity Ultra Buffer ETF – May by 100.0% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 14,710 shares of the company’s stock valued at $531,000 after acquiring an additional 7,355 shares during the period.

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

Shares of Innovator U.S. Equity Ultra Buffer ETF – May stock opened at $37.76 on Friday. The firm’s fifty day simple moving average is $37.55 and its 200-day simple moving average is $36.94. The stock has a market capitalization of $66.08 million, a price-to-earnings ratio of 24.88 and a beta of 0.39. Innovator U.S. Equity Ultra Buffer ETF – May has a 12 month low of $34.38 and a 12 month high of $38.16.

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

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.