Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Sees Significant Drop in Short Interest

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) was the recipient of a large 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. Based on an average daily trading volume, of 10,874 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Innovator Deepwater Frontier Tech ETF Stock Performance

LOUP traded down $1.52 during trading on Thursday, reaching $80.33. 8,822 shares of the stock were exchanged, compared to its average volume of 14,200. The stock has a market cap of $200.82 million, a P/E ratio of 34.62 and a beta of 1.73. Innovator Deepwater Frontier Tech ETF has a twelve month low of $64.87 and a twelve month high of $100.30. The stock’s 50 day moving average price is $86.71 and its two-hundred day moving average price is $84.44.

Institutional Investors Weigh In On Innovator Deepwater Frontier Tech ETF

Several hedge funds have recently bought and sold shares of the stock. Gradient Investments LLC bought a new stake in Innovator Deepwater Frontier Tech ETF in the 3rd quarter valued at about $18,743,000. Sigma Planning Corp bought a new position in shares of Innovator Deepwater Frontier Tech ETF during the third quarter worth approximately $342,000. Cypress Capital LLC bought a new position in shares of Innovator Deepwater Frontier Tech ETF during the third quarter worth approximately $403,000. Triumph Capital Management increased its holdings in shares of Innovator Deepwater Frontier Tech ETF by 5.1% during the third quarter. Triumph Capital Management now owns 3,245 shares of the company’s stock worth $288,000 after purchasing an additional 156 shares during the period. Finally, Ulland Investment Advisors LLC raised its position in shares of Innovator Deepwater Frontier Tech ETF by 32.9% in the third quarter. Ulland Investment Advisors LLC now owns 1,615 shares of the company’s stock valued at $143,000 after buying an additional 400 shares in 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.