Innovator International Developed Power Buffer ETF (NYSEARCA:IAUG) Sees Large Increase in Short Interest
by Danessa Lincoln · The Markets DailyInnovator International Developed Power Buffer ETF (NYSEARCA:IAUG – Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 14,954 shares, a growth of 243.6% from the March 15th total of 4,352 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 5,861 shares, the days-to-cover ratio is currently 2.6 days.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Bright Futures Wealth Management LLC. acquired a new stake in shares of Innovator International Developed Power Buffer ETF during the third quarter valued at approximately $2,903,000. Allworth Financial LP purchased a new position in Innovator International Developed Power Buffer ETF during the 3rd quarter worth approximately $17,613,000. Gill Capital Partners LLC purchased a new position in Innovator International Developed Power Buffer ETF during the 3rd quarter worth approximately $1,212,000. Wealth Alliance LLC acquired a new stake in Innovator International Developed Power Buffer ETF during the 3rd quarter valued at $510,000. Finally, Americana Partners LLC lifted its holdings in shares of Innovator International Developed Power Buffer ETF by 108.8% in the third quarter. Americana Partners LLC now owns 153,540 shares of the company’s stock valued at $4,280,000 after purchasing an additional 80,003 shares in the last quarter.
Innovator International Developed Power Buffer ETF Stock Up 0.2%
Shares of NYSEARCA IAUG traded up $0.05 during mid-day trading on Friday, hitting $29.33. 7,530 shares of the company traded hands, compared to its average volume of 21,753. Innovator International Developed Power Buffer ETF has a 1 year low of $24.60 and a 1 year high of $29.63. The stock has a market capitalization of $45.46 million, a price-to-earnings ratio of 16.25 and a beta of 0.25. The business has a 50 day moving average of $28.98 and a two-hundred day moving average of $28.50.
About Innovator International Developed Power Buffer ETF
The Innovator International Developed Power Buffer ETF August (IAUG) is an exchange-traded fund that mostly invests in total market equity. The fund aims to participate in the price movement of iShares MSCI EAFE ETF (ticker: EFA), up to a predetermined cap, while buffering the first 15% of losses over a one-year period starting August 1. The actively managed fund utilizes FLEX options and collateral IAUG was launched on Aug 1, 2024 and is issued by Innovator.