Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Sees Large Decline in Short Interest

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 16,057 shares, a decrease of 71.4% from the June 15th total of 56,109 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 27,293 shares, the days-to-cover ratio is currently 0.6 days.

Innovator U.S. Equity Power Buffer ETF – May Trading Down 0.5%

Shares of PMAY opened at $41.40 on Tuesday. The company has a market cap of $696.76 million, a price-to-earnings ratio of 23.79 and a beta of 0.44. The business’s fifty day simple moving average is $41.16 and its two-hundred day simple moving average is $40.35. Innovator U.S. Equity Power Buffer ETF – May has a 12 month low of $37.78 and a 12 month high of $41.62.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – May

Institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. raised its position in Innovator U.S. Equity Power Buffer ETF – May by 28.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock worth $133,998,000 after buying an additional 779,446 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 367.6% during the 4th quarter. Focus Partners Wealth now owns 365,330 shares of the company’s stock valued at $14,463,000 after acquiring an additional 287,204 shares during the last quarter. Keystone Wealth Services LLC grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 3,126.8% in the fourth quarter. Keystone Wealth Services LLC now owns 243,492 shares of the company’s stock worth $10,595,000 after acquiring an additional 235,946 shares during the period. Raymond James Financial Inc. grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 26.7% in the second quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock worth $19,172,000 after acquiring an additional 106,807 shares during the period. Finally, Independent Financial Group LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – May during the first quarter valued at approximately $3,386,000.

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.