Innovator U.S. Equity Buffer ETF – May (BATS:BMAY) Sees Large Decline in Short Interest

Innovator U.S. Equity Buffer ETF – May (BATS:BMAY) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 43,729 shares, a decline of 45.5% from the June 15th total of 80,285 shares. Based on an average daily volume of 7,810 shares, the days-to-cover ratio is presently 5.6 days. Currently, 1.2% of the company’s stock are sold short.

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

Shares of Innovator U.S. Equity Buffer ETF – May stock opened at $47.67 on Wednesday. The firm has a market cap of $175.43 million, a price-to-earnings ratio of 24.58 and a beta of 0.62. The stock has a 50-day simple moving average of $47.17 and a 200-day simple moving average of $45.91. Innovator U.S. Equity Buffer ETF – May has a 52-week low of $42.30 and a 52-week high of $47.77.

Institutional Investors Weigh In On Innovator U.S. Equity Buffer ETF – May

A number of large investors have recently bought and sold shares of the business. Chapman Financial Group LLC bought a new position in Innovator U.S. Equity Buffer ETF – May during the second quarter valued at about $55,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Innovator U.S. Equity Buffer ETF – May during the 4th quarter worth about $72,000. Advisory Services Network LLC bought a new stake in shares of Innovator U.S. Equity Buffer ETF – May during the 3rd quarter worth about $97,000. Ballast Rock Private Wealth LLC bought a new stake in shares of Innovator U.S. Equity Buffer ETF – May during the 4th quarter worth about $214,000. Finally, Citadel Advisors LLC acquired a new position in shares of Innovator U.S. Equity Buffer ETF – May during the 3rd quarter valued at about $243,000.

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

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