Innovator Uncapped Accelerated U.S. Equity ETF (BATS:XUSP) Short Interest Up 150.5% in July

Innovator Uncapped Accelerated U.S. Equity ETF (BATS:XUSP) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 37,963 shares, a growth of 150.5% from the June 30th total of 15,156 shares. Based on an average trading volume of 5,998 shares, the days-to-cover ratio is currently 6.3 days. Approximately 4.1% of the company’s shares are sold short.

Innovator Uncapped Accelerated U.S. Equity ETF Price Performance

Shares of XUSP stock opened at $51.60 on Tuesday. Innovator Uncapped Accelerated U.S. Equity ETF has a 1 year low of $42.08 and a 1 year high of $54.21. The stock’s 50 day simple moving average is $52.47 and its two-hundred day simple moving average is $49.38. The company has a market cap of $47.73 million, a PE ratio of 23.39 and a beta of 1.21.

Institutional Trading of Innovator Uncapped Accelerated U.S. Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in Innovator Uncapped Accelerated U.S. Equity ETF by 8.9% during the fourth quarter. Farther Finance Advisors LLC now owns 272,984 shares of the company’s stock worth $12,966,000 after buying an additional 22,243 shares during the period. NewCorp Financial Services Inc. purchased a new stake in shares of Innovator Uncapped Accelerated U.S. Equity ETF in the fourth quarter valued at $7,133,000. Arax Advisory Partners bought a new stake in shares of Innovator Uncapped Accelerated U.S. Equity ETF in the 4th quarter worth about $1,587,000. ATX Financial Planning LLC bought a new stake in shares of Innovator Uncapped Accelerated U.S. Equity ETF in the 4th quarter worth about $4,167,000. Finally, Brookstone Capital Management bought a new stake in shares of Innovator Uncapped Accelerated U.S. Equity ETF in the 4th quarter worth about $219,000.

Innovator Uncapped Accelerated U.S. Equity ETF Company Profile

The Innovator Uncapped Accelerated U.S. Equity ETF (XUSP) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide the potential to outperform the price return of the SPDR S&P 500 ETF (SPY), after achieving performance thresholds. The fund uses four, one-year FLEX Options packages with laddered 3-month expiration dates. XUSP was launched on Aug 11, 2022 and is managed by Innovator.