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 drop in short interest in July. As of July 31st, there was short interest totaling 5,410 shares, a drop of 55.5% from the July 15th total of 12,159 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 11,340 shares, the short-interest ratio is currently 0.5 days.

Innovator Deepwater Frontier Tech ETF Price Performance

NYSEARCA:LOUP traded down $0.78 during mid-day trading on Friday, reaching $96.28. The stock had a trading volume of 17,133 shares, compared to its average volume of 14,875. Innovator Deepwater Frontier Tech ETF has a 12 month low of $61.31 and a 12 month high of $100.30. The stock has a market capitalization of $226.26 million, a PE ratio of 34.62 and a beta of 1.70. The stock has a 50-day simple moving average of $92.29 and a two-hundred day simple moving average of $83.69.

Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Paladin Wealth LLC raised its holdings in shares of Innovator Deepwater Frontier Tech ETF by 6.4% during the 2nd quarter. Paladin Wealth LLC now owns 4,946 shares of the company’s stock worth $487,000 after buying an additional 296 shares in the last quarter. Elmwood Wealth Management Inc. raised its stake in Innovator Deepwater Frontier Tech ETF by 0.7% during the second quarter. Elmwood Wealth Management Inc. now owns 116,401 shares of the company’s stock worth $11,472,000 after acquiring an additional 855 shares in the last quarter. Epiq Partners LLC lifted its holdings in shares of Innovator Deepwater Frontier Tech ETF by 5.8% in the second quarter. Epiq Partners LLC now owns 90,924 shares of the company’s stock worth $8,961,000 after acquiring an additional 4,968 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Innovator Deepwater Frontier Tech ETF in the first quarter worth about $207,000. Finally, 46 Peaks LLC lifted its holdings in shares of Innovator Deepwater Frontier Tech ETF by 10.5% in the first quarter. 46 Peaks LLC now owns 13,486 shares of the company’s stock worth $928,000 after acquiring an additional 1,285 shares during the last quarter.

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.