Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Short Interest Down 55.5% in July

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) was the target 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. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 11,340 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Paladin Wealth LLC lifted its stake in shares of 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 valued at $487,000 after acquiring an additional 296 shares during the last quarter. Rockefeller Capital Management L.P. grew its position 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 worth $45,000 after acquiring an additional 414 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings 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 in the last quarter. Mariner LLC increased its holdings in Innovator Deepwater Frontier Tech ETF by 15.0% in the 3rd quarter. Mariner LLC now owns 4,642 shares of the company’s stock worth $343,000 after purchasing an additional 604 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Innovator Deepwater Frontier Tech ETF in the fourth quarter valued at about $53,000.

Innovator Deepwater Frontier Tech ETF Trading Down 0.8%

NYSEARCA:LOUP traded down $0.78 on Friday, hitting $96.28. The company had a trading volume of 17,133 shares, compared to its average volume of 14,875. The stock has a market capitalization of $226.26 million, a price-to-earnings ratio of 34.62 and a beta of 1.70. The firm has a 50 day moving average of $92.29 and a two-hundred day moving average of $83.69. Innovator Deepwater Frontier Tech ETF has a 52 week low of $61.31 and a 52 week high of $100.30.

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.