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

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

Innovator Deepwater Frontier Tech ETF Trading Down 0.9%

Shares of NYSEARCA:LOUP traded down $0.86 on Friday, reaching $92.38. 11,392 shares of the company’s stock were exchanged, compared to its average volume of 16,301. The company has a fifty day moving average of $85.00 and a 200-day moving average of $79.27. Innovator Deepwater Frontier Tech ETF has a twelve month low of $56.32 and a twelve month high of $100.00. The company has a market capitalization of $203.24 million, a price-to-earnings ratio of 34.62 and a beta of 1.68.

Institutional Trading of Innovator Deepwater Frontier Tech ETF

Several large investors have recently made changes to their positions in the company. Gradient Investments LLC boosted its position in shares of 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 worth $21,335,000 after acquiring an additional 33,492 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Innovator Deepwater Frontier Tech ETF by 23.2% during the 4th quarter. Royal Bank of Canada now owns 231,075 shares of the company’s stock worth $17,657,000 after acquiring an additional 43,472 shares in the last quarter. LPL Financial LLC boosted its position in shares of Innovator Deepwater Frontier Tech ETF by 49.0% during the 4th quarter. LPL Financial LLC now owns 130,583 shares of the company’s stock worth $9,978,000 after acquiring an additional 42,923 shares in the last quarter. Elmwood Wealth Management Inc. boosted its position in shares of Innovator Deepwater Frontier Tech ETF by 1.3% during the 4th quarter. Elmwood Wealth Management Inc. now owns 91,581 shares of the company’s stock worth $6,998,000 after acquiring an additional 1,134 shares in the last quarter. Finally, Epiq Partners LLC boosted its position in shares of Innovator Deepwater Frontier Tech ETF by 2.8% during the 3rd quarter. Epiq Partners LLC now owns 79,915 shares of the company’s stock worth $5,904,000 after acquiring an additional 2,179 shares in the last quarter.

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.