Short Interest in Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Decreases By 16.4%

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 9,390 shares, a drop of 16.4% from the February 12th total of 11,233 shares. Based on an average daily volume of 10,507 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 10,507 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Innovator Deepwater Frontier Tech ETF by 16.1% in the 1st quarter. Royal Bank of Canada now owns 218,927 shares of the company’s stock worth $9,943,000 after acquiring an additional 30,427 shares in the last quarter. AE Wealth Management LLC bought a new stake in Innovator Deepwater Frontier Tech ETF during the 2nd quarter worth approximately $34,000. Dorsey & Whitney Trust CO LLC purchased a new position in Innovator Deepwater Frontier Tech ETF during the second quarter valued at approximately $250,000. Flow Traders U.S. LLC purchased a new position in Innovator Deepwater Frontier Tech ETF during the second quarter valued at approximately $1,281,000. Finally, FAS Wealth Partners Inc. bought a new position in shares of Innovator Deepwater Frontier Tech ETF in the second quarter worth approximately $209,000.

Innovator Deepwater Frontier Tech ETF Stock Down 0.3%

NYSEARCA:LOUP traded down $0.23 during mid-day trading on Wednesday, hitting $72.94. 3,702 shares of the company traded hands, compared to its average volume of 14,144. The stock’s fifty day moving average price is $76.90 and its 200-day moving average price is $76.31. Innovator Deepwater Frontier Tech ETF has a one year low of $37.23 and a one year high of $83.56. The firm has a market cap of $160.47 million, a price-to-earnings ratio of 34.62 and a beta of 1.55.

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.