Short Interest in Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Grows By 166.0%

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 34,951 shares, an increase of 166.0% from the May 14th total of 13,138 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 22,989 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its holdings in shares of Innovator Deepwater Frontier Tech ETF by 243.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 584 shares of the company’s stock valued at $45,000 after buying an additional 414 shares during the period. Kestra Advisory Services LLC acquired a new position in Innovator Deepwater Frontier Tech ETF in the 4th quarter worth $53,000. Federation des caisses Desjardins du Quebec boosted its stake in Innovator Deepwater Frontier Tech ETF by 63.0% in the 4th 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. Triumph Capital Management acquired a new position in Innovator Deepwater Frontier Tech ETF in the 3rd quarter worth $157,000. Finally, Fifth Third Bancorp acquired a new position in Innovator Deepwater Frontier Tech ETF in the 1st quarter worth $207,000.

Innovator Deepwater Frontier Tech ETF Stock Performance

NYSEARCA:LOUP traded down $0.86 during trading hours on Friday, hitting $92.38. The stock had a trading volume of 11,392 shares, compared to its average volume of 16,301. Innovator Deepwater Frontier Tech ETF has a one year low of $56.32 and a one year high of $100.00. The company has a market cap of $203.24 million, a price-to-earnings ratio of 34.62 and a beta of 1.68. The business’s 50 day moving average is $85.00 and its 200-day moving average is $79.27.

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.