Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Short Interest Down 56.5% in June

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 15,499 shares, a decrease of 56.5% from the June 15th total of 35,611 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 12,045 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. raised its stake in 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 valued at $45,000 after acquiring an additional 414 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Innovator Deepwater Frontier Tech ETF in the fourth quarter worth about $53,000. Federation des caisses Desjardins du Quebec grew its position 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 valued at $115,000 after buying an additional 580 shares in the last quarter. Triumph Capital Management acquired a new position in Innovator Deepwater Frontier Tech ETF during the 3rd quarter valued at about $157,000. Finally, Fifth Third Bancorp bought a new stake in shares of Innovator Deepwater Frontier Tech ETF during the 1st quarter worth about $207,000.

Innovator Deepwater Frontier Tech ETF Stock Performance

Shares of LOUP stock traded up $0.91 during trading hours on Tuesday, hitting $92.86. 5,642 shares of the company were exchanged, compared to its average volume of 15,473. The stock has a market capitalization of $218.22 million, a price-to-earnings ratio of 34.62 and a beta of 1.68. Innovator Deepwater Frontier Tech ETF has a one year low of $61.31 and a one year high of $100.30. The business’s 50-day simple moving average is $92.48 and its two-hundred day simple moving average is $81.97.

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.