Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Sees Significant Decline in Short Interest

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 5,410 shares, a decrease of 55.5% from the July 15th total of 12,159 shares. Based on an average daily trading volume, of 11,340 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Innovator Deepwater Frontier Tech ETF Trading Down 0.8%

LOUP stock traded down $0.78 during trading hours on Friday, hitting $96.28. 17,133 shares of the stock were exchanged, compared to its average volume of 14,875. The firm has a market capitalization of $226.26 million, a P/E ratio of 34.62 and a beta of 1.70. The company has a 50-day simple moving average of $92.29 and a two-hundred day simple moving average of $83.69. Innovator Deepwater Frontier Tech ETF has a 12 month low of $61.31 and a 12 month high of $100.30.

Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF

A number of hedge funds have recently bought and sold shares of LOUP. Paladin Wealth LLC raised its stake in Innovator Deepwater Frontier Tech ETF by 6.4% in the 2nd quarter. Paladin Wealth LLC now owns 4,946 shares of the company’s stock worth $487,000 after purchasing an additional 296 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Innovator Deepwater Frontier Tech ETF by 243.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 584 shares of the company’s stock worth $45,000 after purchasing an additional 414 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of Innovator Deepwater Frontier Tech ETF by 63.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,501 shares of the company’s stock worth $115,000 after purchasing an additional 580 shares during the period. Mariner LLC increased its holdings in shares of Innovator Deepwater Frontier Tech ETF by 15.0% during the third quarter. Mariner LLC now owns 4,642 shares of the company’s stock worth $343,000 after purchasing an additional 604 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Innovator Deepwater Frontier Tech ETF in the fourth quarter valued at approximately $53,000.

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.