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 growth in short interest in the month of July. As of July 15th, there was short interest totaling 8,185 shares, a growth of 794.5% from the June 30th total of 915 shares. Based on an average daily volume of 4,204 shares, the short-interest ratio is presently 1.9 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSTP. Allworth Financial LP increased its holdings in shares of Innovator Buffer Step-Up Strategy ETF by 70.6% during the third quarter. Allworth Financial LP now owns 2,054 shares of the company’s stock valued at $75,000 after acquiring an additional 850 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Innovator Buffer Step-Up Strategy ETF in the 4th quarter worth $172,000. Captrust Financial Advisors acquired a new stake in Innovator Buffer Step-Up Strategy ETF in the 2nd quarter valued at $206,000. FSA Advisors Inc. grew its position in Innovator Buffer Step-Up Strategy ETF by 160.5% in the 4th quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock valued at $626,000 after purchasing an additional 10,383 shares during the period. Finally, Principal Securities Inc. increased its stake in Innovator Buffer Step-Up Strategy ETF by 6.3% during the 4th quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock valued at $701,000 after purchasing an additional 1,127 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Price Performance

BSTP stock opened at $39.11 on Monday. The stock has a market capitalization of $59.45 million, a PE ratio of 23.53 and a beta of 0.69. The company’s 50-day moving average is $39.20 and its 200-day moving average is $37.99. Innovator Buffer Step-Up Strategy ETF has a 1 year low of $34.59 and a 1 year high of $39.65.

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.