Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Sees Large Growth in Short Interest

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 108,528 shares, an increase of 215.7% from the January 15th total of 34,376 shares. Based on an average daily volume of 22,446 shares, the days-to-cover ratio is currently 4.8 days. Approximately 4.9% of the shares of the company are short sold. Approximately 4.9% of the shares of the company are short sold. Based on an average daily volume of 22,446 shares, the days-to-cover ratio is currently 4.8 days.

Innovator Deepwater Frontier Tech ETF Stock Down 0.4%

Innovator Deepwater Frontier Tech ETF stock traded down $0.31 during trading hours on Wednesday, hitting $76.54. 7,010 shares of the company traded hands, compared to its average volume of 17,875. The firm has a market cap of $168.39 million, a P/E ratio of 34.62 and a beta of 1.55. The firm’s 50-day simple moving average is $78.40 and its two-hundred day simple moving average is $74.50. Innovator Deepwater Frontier Tech ETF has a 1-year low of $37.23 and a 1-year high of $83.56.

Institutional Investors Weigh In On Innovator Deepwater Frontier Tech ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LOUP. AE Wealth Management LLC bought a new position in Innovator Deepwater Frontier Tech ETF during the 2nd quarter valued at $34,000. Triumph Capital Management acquired a new position in Innovator Deepwater Frontier Tech ETF during the third quarter worth about $157,000. FAS Wealth Partners Inc. acquired a new position in Innovator Deepwater Frontier Tech ETF during the second quarter worth about $209,000. Comerica Bank raised its position in Innovator Deepwater Frontier Tech ETF by 50.0% in the third quarter. Comerica Bank now owns 3,000 shares of the company’s stock worth $222,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in Innovator Deepwater Frontier Tech ETF in the second quarter worth about $250,000.

Innovator Deepwater Frontier Tech ETF Company Profile

The Innovator Loup Frontier Tech ETF (LOUP) is an exchange-traded fund that is based on the Loup Frontier Tech index. The fund tracks an index of developed- and emerging-market stocks that are influencing the future of technology. Holdings are selected by fundamental criteria and equally weighted in two tiers. LOUP was launched on Jul 25, 2018 and is managed by Innovator.