Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Short Interest Update

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 915 shares, a decrease of 34.3% from the June 15th total of 1,392 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 4,270 shares, the short-interest ratio is currently 0.2 days.

Innovator Buffer Step-Up Strategy ETF Stock Down 0.5%

Shares of NYSEARCA BSTP opened at $39.29 on Friday. The firm has a market capitalization of $59.72 million, a P/E ratio of 23.53 and a beta of 0.69. The stock’s 50-day simple moving average is $39.16 and its two-hundred day simple moving average is $37.91. Innovator Buffer Step-Up Strategy ETF has a twelve month low of $34.59 and a twelve month high of $39.65.

Institutional Investors Weigh In On Innovator Buffer Step-Up Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the 1st quarter valued at $2,288,000. Kestra Advisory Services LLC increased its stake in Innovator Buffer Step-Up Strategy ETF by 25.8% in the first quarter. Kestra Advisory Services LLC now owns 5,842 shares of the company’s stock valued at $210,000 after acquiring an additional 1,198 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in Innovator Buffer Step-Up Strategy ETF by 1.5% during the first quarter. Nations Financial Group Inc. IA ADV now owns 75,524 shares of the company’s stock valued at $2,720,000 after purchasing an additional 1,122 shares in the last quarter. OLD Mission Capital LLC raised its position in Innovator Buffer Step-Up Strategy ETF by 55.3% during the fourth quarter. OLD Mission Capital LLC now owns 21,618 shares of the company’s stock valued at $803,000 after purchasing an additional 7,701 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in Innovator Buffer Step-Up Strategy ETF by 6.3% during the fourth quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock worth $701,000 after purchasing an additional 1,127 shares during the last quarter.

About Innovator Buffer Step-Up Strategy ETF

The Innovator Buffer Step-Up Strategy ETF (BSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for exposure to the SPDR S&P 500 ETF Trust (SPY) with buffered losses and gains through the active use of FLEX options, rebalanced monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. BSTP was launched on Mar 8, 2022 and is managed by Innovator.