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

Innovator U.S. Equity Buffer ETF – May (BATS:BMAY) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 144,236 shares, a growth of 229.8% from the June 30th total of 43,729 shares. Based on an average daily volume of 16,854 shares, the short-interest ratio is currently 8.6 days. Approximately 3.9% of the company’s shares are short sold.

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

BATS BMAY opened at $47.18 on Friday. Innovator U.S. Equity Buffer ETF – May has a twelve month low of $42.45 and a twelve month high of $47.78. The stock has a market cap of $173.62 million, a price-to-earnings ratio of 24.58 and a beta of 0.62. The firm’s 50 day moving average price is $47.27 and its two-hundred day moving average price is $46.05.

Institutional Trading of Innovator U.S. Equity Buffer ETF – May

Several hedge funds and other institutional investors have recently modified their holdings of BMAY. CoreCap Advisors LLC grew its holdings in shares of Innovator U.S. Equity Buffer ETF – May by 30.3% during the second quarter. CoreCap Advisors LLC now owns 8,186 shares of the company’s stock valued at $388,000 after buying an additional 1,903 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Innovator U.S. Equity Buffer ETF – May during the 1st quarter worth about $925,000. Nalls Sherbakoff Group LLC acquired a new stake in Innovator U.S. Equity Buffer ETF – May during the 4th quarter worth about $72,000. MML Investors Services LLC boosted its position in Innovator U.S. Equity Buffer ETF – May by 4.3% during the 4th quarter. MML Investors Services LLC now owns 44,519 shares of the company’s stock worth $1,995,000 after acquiring an additional 1,840 shares during the period. Finally, Arax Advisory Partners purchased a new position in Innovator U.S. Equity Buffer ETF – May during the 4th quarter valued at about $504,000.

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.