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

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

Innovator Deepwater Frontier Tech ETF Trading Up 0.6%

NYSEARCA:LOUP traded up $0.62 during trading hours on Monday, hitting $96.90. 3,643 shares of the stock traded hands, compared to its average volume of 14,802. The firm has a 50 day moving average price of $92.29 and a 200 day moving average price of $83.71. Innovator Deepwater Frontier Tech ETF has a fifty-two week low of $61.31 and a fifty-two week high of $100.30. The firm has a market cap of $227.72 million, a price-to-earnings ratio of 34.62 and a beta of 1.70.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in Innovator Deepwater Frontier Tech ETF by 23.2% during the 4th quarter. Royal Bank of Canada now owns 231,075 shares of the company’s stock worth $17,657,000 after acquiring an additional 43,472 shares during the period. LPL Financial LLC increased its holdings in shares of Innovator Deepwater Frontier Tech ETF by 49.0% in the 4th quarter. LPL Financial LLC now owns 130,583 shares of the company’s stock valued at $9,978,000 after purchasing an additional 42,923 shares during the period. Elmwood Wealth Management Inc. increased its holdings in shares of Innovator Deepwater Frontier Tech ETF by 0.7% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 116,401 shares of the company’s stock valued at $11,472,000 after purchasing an additional 855 shares during the period. Epiq Partners LLC lifted its position 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 worth $8,961,000 after purchasing an additional 4,968 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Innovator Deepwater Frontier Tech ETF in the fourth quarter worth approximately $4,281,000.

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.