Short Interest in Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Decreases By 56.5%

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 15,499 shares, a decrease of 56.5% from the June 15th total of 35,611 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 12,045 shares, the days-to-cover ratio is presently 1.3 days.

Innovator Deepwater Frontier Tech ETF Price Performance

LOUP stock traded up $0.91 during trading hours on Tuesday, reaching $92.86. 5,642 shares of the stock were exchanged, compared to its average volume of 15,473. The company has a market cap of $218.22 million, a price-to-earnings ratio of 34.62 and a beta of 1.68. The firm’s 50-day moving average is $92.48 and its 200-day moving average is $81.97. Innovator Deepwater Frontier Tech ETF has a 12 month low of $61.31 and a 12 month high of $100.30.

Institutional Investors Weigh In On Innovator Deepwater Frontier Tech ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gradient Investments LLC raised its holdings in shares of Innovator Deepwater Frontier Tech ETF by 13.6% in the 4th quarter. Gradient Investments LLC now owns 279,217 shares of the company’s stock valued at $21,335,000 after purchasing an additional 33,492 shares during the period. HighTower Advisors LLC raised its stake in Innovator Deepwater Frontier Tech ETF by 216.9% in the 4th quarter. HighTower Advisors LLC now owns 33,124 shares of the company’s stock worth $2,531,000 after purchasing an additional 22,672 shares in the last quarter. 46 Peaks LLC acquired a new stake in Innovator Deepwater Frontier Tech ETF during the fourth quarter worth approximately $932,000. Comerica Bank grew its holdings in shares of Innovator Deepwater Frontier Tech ETF by 50.0% during the 3rd quarter. Comerica Bank now owns 3,000 shares of the company’s stock worth $222,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Mariner LLC increased its holdings in Innovator Deepwater Frontier Tech ETF by 15.0% in the 3rd quarter. Mariner LLC now owns 4,642 shares of the company’s stock valued at $343,000 after buying an additional 604 shares during the period.

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.