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

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

Institutional Investors Weigh In On Innovator Deepwater Frontier Tech ETF

Several hedge funds have recently made changes to their positions in LOUP. Royal Bank of Canada boosted 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 last quarter. Elmwood Wealth Management Inc. boosted its holdings in Innovator Deepwater Frontier Tech ETF by 1.4% in the third quarter. Elmwood Wealth Management Inc. now owns 90,447 shares of the company’s stock valued at $6,682,000 after acquiring an additional 1,243 shares during the last quarter. Epiq Partners LLC boosted its holdings in Innovator Deepwater Frontier Tech ETF by 2.8% in the third quarter. Epiq Partners LLC now owns 79,915 shares of the company’s stock valued at $5,904,000 after acquiring an additional 2,179 shares during the last quarter. Comerica Bank boosted its holdings in Innovator Deepwater Frontier Tech ETF by 50.0% in the third quarter. Comerica Bank now owns 3,000 shares of the company’s stock valued at $222,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Flow Traders U.S. LLC boosted its holdings in Innovator Deepwater Frontier Tech ETF by 13.2% in the third quarter. Flow Traders U.S. LLC now owns 23,166 shares of the company’s stock valued at $1,712,000 after acquiring an additional 2,705 shares during the last quarter.

Innovator Deepwater Frontier Tech ETF Stock Down 0.9%

Shares of LOUP stock traded down $0.86 during mid-day trading on Friday, hitting $92.38. 11,392 shares of the company’s stock were exchanged, compared to its average volume of 16,301. Innovator Deepwater Frontier Tech ETF has a fifty-two week low of $56.32 and a fifty-two week high of $100.00. The stock has a 50-day simple moving average of $85.00 and a two-hundred day simple moving average of $79.27. The stock has a market cap of $203.24 million, a price-to-earnings ratio of 34.62 and a beta of 1.68.

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.