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

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 11,233 shares, a decline of 89.6% from the January 29th total of 108,528 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 13,085 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 13,085 shares, the short-interest ratio is presently 0.9 days. Approximately 0.5% of the shares of the company are short sold.

Innovator Deepwater Frontier Tech ETF Trading Down 1.1%

Shares of NYSEARCA LOUP traded down $0.83 during midday trading on Thursday, reaching $76.16. The company had a trading volume of 9,705 shares, compared to its average volume of 16,011. Innovator Deepwater Frontier Tech ETF has a 1 year low of $37.23 and a 1 year high of $83.56. The business’s 50-day simple moving average is $78.02 and its 200 day simple moving average is $75.32. The stock has a market cap of $167.55 million, a P/E ratio of 34.62 and a beta of 1.55.

Institutional Trading of Innovator Deepwater Frontier Tech ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Innovator Deepwater Frontier Tech ETF by 16.1% during the first quarter. Royal Bank of Canada now owns 218,927 shares of the company’s stock worth $9,943,000 after purchasing an additional 30,427 shares during the period. AE Wealth Management LLC acquired a new stake in shares of Innovator Deepwater Frontier Tech ETF in the second quarter worth $34,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Innovator Deepwater Frontier Tech ETF during the second quarter worth $250,000. Flow Traders U.S. LLC purchased a new position in shares of Innovator Deepwater Frontier Tech ETF during the second quarter worth $1,281,000. Finally, FAS Wealth Partners Inc. acquired a new position in Innovator Deepwater Frontier Tech ETF during the second quarter valued at $209,000.

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.