Innovator U.S. Equity Ultra Buffer ETF – December (BATS:UDEC) Sees Significant Decline in Short Interest

Innovator U.S. Equity Ultra Buffer ETF – December (BATS:UDEC) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 344 shares, a decline of 79.1% from the June 30th total of 1,645 shares. Based on an average trading volume of 6,586 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UDEC. Spire Wealth Management raised its stake in shares of Innovator U.S. Equity Ultra Buffer ETF – December by 85.0% in the fourth quarter. Spire Wealth Management now owns 74,707 shares of the company’s stock valued at $2,961,000 after acquiring an additional 34,316 shares during the period. TrustBank purchased a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – December during the 4th quarter worth about $864,000. Brookstone Capital Management boosted its stake in shares of Innovator U.S. Equity Ultra Buffer ETF – December by 136.0% during the 4th quarter. Brookstone Capital Management now owns 1,875,251 shares of the company’s stock worth $74,335,000 after purchasing an additional 1,080,589 shares during the period. Diversify Wealth Management LLC bought a new position in Innovator U.S. Equity Ultra Buffer ETF – December during the 1st quarter valued at about $606,000. Finally, Redwood Family Wealth LLC bought a new position in Innovator U.S. Equity Ultra Buffer ETF – December during the 4th quarter valued at about $573,000.

Innovator U.S. Equity Ultra Buffer ETF – December Stock Performance

Shares of Innovator U.S. Equity Ultra Buffer ETF – December stock opened at $41.69 on Friday. The stock has a market cap of $470.26 million, a price-to-earnings ratio of 24.92 and a beta of 0.37. The stock has a 50 day moving average price of $41.61 and a 200-day moving average price of $40.49. Innovator U.S. Equity Ultra Buffer ETF – December has a one year low of $36.50 and a one year high of $42.04.

About Innovator U.S. Equity Ultra Buffer ETF – December

The Innovator S&P 500 Ultra Buffer ETF – December (UDEC) 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. UDEC was launched on Dec 2, 2019 and is managed by Innovator.