Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Stock Short Interest Drops 77.9%

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 5,492 shares, a decline of 77.9% from the September 30th total of 24,821 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 10,874 shares, the short-interest ratio is currently 0.5 days.

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 stock. Gradient Investments LLC acquired a new stake in shares of Innovator Deepwater Frontier Tech ETF during the third quarter worth approximately $18,743,000. Sigma Planning Corp bought a new position in Innovator Deepwater Frontier Tech ETF during the 3rd quarter valued at $342,000. Cypress Capital LLC bought a new position in Innovator Deepwater Frontier Tech ETF during the 3rd quarter valued at $403,000. Triumph Capital Management boosted its stake in Innovator Deepwater Frontier Tech ETF by 5.1% during the 3rd quarter. Triumph Capital Management now owns 3,245 shares of the company’s stock valued at $288,000 after acquiring an additional 156 shares during the last quarter. Finally, Ulland Investment Advisors LLC boosted its stake in Innovator Deepwater Frontier Tech ETF by 32.9% during the 3rd quarter. Ulland Investment Advisors LLC now owns 1,615 shares of the company’s stock valued at $143,000 after acquiring an additional 400 shares during the last quarter.

Innovator Deepwater Frontier Tech ETF Stock Up 1.6%

Shares of LOUP traded up $1.28 on Wednesday, hitting $81.85. 6,649 shares of the stock traded hands, compared to its average volume of 14,226. Innovator Deepwater Frontier Tech ETF has a 1 year low of $64.87 and a 1 year high of $100.30. The stock’s 50 day moving average is $87.15 and its two-hundred day moving average is $84.43. The firm has a market capitalization of $204.62 million, a P/E ratio of 34.62 and a beta of 1.73.

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.