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

Innovator U.S. Equity Buffer ETF – May (BATS:BMAYGet Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 144,236 shares, an increase of 229.8% from the June 30th total of 43,729 shares. Currently, 3.9% of the company’s stock are short sold. Based on an average daily volume of 16,854 shares, the days-to-cover ratio is presently 8.6 days.

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

Shares of BMAY opened at $47.18 on Friday. The company has a market capitalization of $173.62 million, a PE ratio of 24.58 and a beta of 0.62. The company’s 50 day moving average price is $47.27 and its 200 day moving average price is $46.05. Innovator U.S. Equity Buffer ETF – May has a 52 week low of $42.45 and a 52 week high of $47.78.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. MML Investors Services LLC increased its stake in shares of Innovator U.S. Equity Buffer ETF – May by 193.3% in the second quarter. MML Investors Services LLC now owns 71,191 shares of the company’s stock worth $3,004,000 after acquiring an additional 46,922 shares during the last quarter. TopTier Wealth Management LLC acquired a new stake in Innovator U.S. Equity Buffer ETF – May during the fourth quarter valued at $1,652,000. Cerity Partners LLC boosted its position in Innovator U.S. Equity Buffer ETF – May by 40.5% during the second quarter. Cerity Partners LLC now owns 102,331 shares of the company’s stock valued at $4,318,000 after purchasing an additional 29,505 shares during the last quarter. Integrity Alliance LLC. purchased a new position in Innovator U.S. Equity Buffer ETF – May in the fourth quarter valued at about $1,239,000. Finally, Private Advisor Group LLC purchased a new position in Innovator U.S. Equity Buffer ETF – May in the first quarter valued at about $925,000.

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

(Get Free Report)

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.

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