Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Stock Short Interest Jumps 156.7%

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 14,099 shares, a growth of 156.7% from the October 15th total of 5,492 shares. Based on an average daily volume of 16,983 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On Innovator Deepwater Frontier Tech ETF

Several large investors have recently added to or reduced their stakes in the business. Gradient Investments LLC purchased a new position in Innovator Deepwater Frontier Tech ETF in the 3rd quarter valued at approximately $18,743,000. Elmwood Wealth Management Inc. raised its stake in shares of Innovator Deepwater Frontier Tech ETF by 0.7% in the second quarter. Elmwood Wealth Management Inc. now owns 116,401 shares of the company’s stock valued at $11,472,000 after acquiring an additional 855 shares in the last quarter. Epiq Partners LLC raised its stake in shares of Innovator Deepwater Frontier Tech ETF by 5.8% in the second quarter. Epiq Partners LLC now owns 90,924 shares of the company’s stock valued at $8,961,000 after acquiring an additional 4,968 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Innovator Deepwater Frontier Tech ETF in the third quarter valued at $3,353,000. Finally, Commonwealth Equity Services LLC purchased a new position in Innovator Deepwater Frontier Tech ETF in the third quarter valued at $1,255,000.

Innovator Deepwater Frontier Tech ETF Stock Performance

Shares of Innovator Deepwater Frontier Tech ETF stock traded down $1.50 during trading hours on Friday, hitting $69.34. The company’s stock had a trading volume of 3,577 shares, compared to its average volume of 15,087. Innovator Deepwater Frontier Tech ETF has a twelve month low of $64.86 and a twelve month high of $100.30. The firm has a fifty day moving average of $82.98 and a 200-day moving average of $83.92. The stock has a market cap of $169.88 million, a price-to-earnings ratio of 40.08 and a beta of 1.76.

About Innovator Deepwater Frontier Tech ETF

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.