Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Share Price Breaks Above 50 Day Moving Average – What’s Next?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $42.28 and traded as high as $42.40. Innovator U.S. Equity Power Buffer ETF – May shares last traded at $42.31, with a volume of 44,095 shares changing hands.

Innovator U.S. Equity Power Buffer ETF – May Price Performance

The company has a market capitalization of $781.04 million, a price-to-earnings ratio of 23.79 and a beta of 0.44. The firm has a fifty day simple moving average of $42.28 and a 200 day simple moving average of $41.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PMAY. Advisory Alpha LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – May during the third quarter valued at $5,858,000. Benjamin Edwards Inc. acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the third quarter valued at about $885,000. Frisch Financial Group Inc. acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the third quarter valued at about $286,000. HighTower Advisors LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the third quarter valued at about $8,290,000. Finally, Harbour Investments Inc. purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the third quarter worth about $182,000.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.