Short Interest in Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) Declines By 43.7%

Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,062 shares, a decline of 43.7% from the May 31st total of 3,664 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 7,004 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legacy Advisors LLC purchased a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – September during the 4th quarter worth approximately $1,256,000. Brookstone Capital Management raised its holdings in shares of Innovator U.S. Equity Ultra Buffer ETF – September by 1.8% in the 4th quarter. Brookstone Capital Management now owns 1,618,090 shares of the company’s stock worth $63,641,000 after purchasing an additional 28,105 shares during the period. Sovran Advisors LLC lifted its stake in Innovator U.S. Equity Ultra Buffer ETF – September by 4.6% in the first quarter. Sovran Advisors LLC now owns 559,701 shares of the company’s stock valued at $22,673,000 after purchasing an additional 24,403 shares during the last quarter. AssuredPartners Investment Advisors LLC purchased a new position in Innovator U.S. Equity Ultra Buffer ETF – September in the fourth quarter valued at approximately $514,000. Finally, Raymond James Financial Inc. grew its holdings in Innovator U.S. Equity Ultra Buffer ETF – September by 54.5% during the third quarter. Raymond James Financial Inc. now owns 24,718 shares of the company’s stock valued at $956,000 after purchasing an additional 8,715 shares during the period.

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

USEP opened at $41.38 on Thursday. The firm has a market cap of $150.21 million, a P/E ratio of 24.18 and a beta of 0.40. The firm has a 50-day moving average of $40.94 and a 200 day moving average of $39.91. Innovator U.S. Equity Ultra Buffer ETF – September has a fifty-two week low of $36.82 and a fifty-two week high of $41.46.

Innovator U.S. Equity Ultra Buffer ETF – September Company Profile

The Innovator S&P 500 Ultra Buffer ETF – September (USEP) 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. USEP was launched on Sep 3, 2019 and is managed by Innovator.