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

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 15,089 shares, a growth of 54.8% from the March 31st total of 9,749 shares. Based on an average daily volume of 17,129 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Gradient Investments LLC lifted its stake in Innovator Deepwater Frontier Tech ETF by 13.6% during the 4th quarter. Gradient Investments LLC now owns 279,217 shares of the company’s stock valued at $21,335,000 after acquiring an additional 33,492 shares during the period. Mariner LLC increased its stake in shares of Innovator Deepwater Frontier Tech ETF by 15.0% in the third quarter. Mariner LLC now owns 4,642 shares of the company’s stock worth $343,000 after acquiring an additional 604 shares during the period. Comerica Bank raised its holdings in shares of Innovator Deepwater Frontier Tech ETF by 50.0% during the third quarter. Comerica Bank now owns 3,000 shares of the company’s stock worth $222,000 after purchasing an additional 1,000 shares during the last quarter. Triumph Capital Management raised its holdings in shares of Innovator Deepwater Frontier Tech ETF by 36.4% during the fourth quarter. Triumph Capital Management now owns 2,896 shares of the company’s stock worth $221,000 after purchasing an additional 773 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its position in Innovator Deepwater Frontier Tech ETF by 63.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,501 shares of the company’s stock valued at $115,000 after purchasing an additional 580 shares during the period.

Innovator Deepwater Frontier Tech ETF Stock Performance

LOUP stock traded down $0.39 during midday trading on Wednesday, reaching $78.61. The stock had a trading volume of 9,920 shares, compared to its average volume of 14,937. The stock has a market cap of $172.94 million, a PE ratio of 34.62 and a beta of 1.60. The firm has a fifty day simple moving average of $74.49 and a two-hundred day simple moving average of $76.69. Innovator Deepwater Frontier Tech ETF has a 52-week low of $46.84 and a 52-week high of $83.56.

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.