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

by · The Cerbat Gem

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP – Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 27,699 shares, an increase of 262.3% from the November 30th total of 7,646 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,334 shares, the short-interest ratio is presently 2.7 days. Based on an average daily trading volume, of 10,334 shares, the short-interest ratio is presently 2.7 days. Approximately 1.4% of the shares of the stock are short sold.

Innovator Deepwater Frontier Tech ETF Stock Performance

LOUP traded down $0.05 during midday trading on Thursday, hitting $77.84. The stock had a trading volume of 3,568 shares, compared to its average volume of 12,919. Innovator Deepwater Frontier Tech ETF has a 1 year low of $37.23 and a 1 year high of $83.56. The business has a fifty day moving average of $77.58 and a 200 day moving average of $70.06. The company has a market cap of $151.79 million, a P/E ratio of 34.62 and a beta of 1.55.

Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Gradient Investments LLC raised its stake in Innovator Deepwater Frontier Tech ETF by 27.1% in the third quarter. Gradient Investments LLC now owns 245,725 shares of the company’s stock worth $18,155,000 after buying an additional 52,416 shares in the last quarter. Mattson Financial Services LLC purchased a new position in shares of Innovator Deepwater Frontier Tech ETF during the 1st quarter worth approximately $1,412,000. Royal Bank of Canada raised its position in shares of Innovator Deepwater Frontier Tech ETF by 16.1% in the 1st quarter. Royal Bank of Canada now owns 218,927 shares of the company’s stock worth $9,943,000 after acquiring an additional 30,427 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Innovator Deepwater Frontier Tech ETF in the 2nd quarter valued at approximately $1,281,000. Finally, Elmwood Wealth Management Inc. lifted its stake in shares of Innovator Deepwater Frontier Tech ETF by 21.8% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 89,204 shares of the company’s stock valued at $5,585,000 after purchasing an additional 15,979 shares during the period.

About Innovator Deepwater Frontier Tech ETF

(Get Free Report)

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.

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