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

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 9,749 shares, a growth of 55.1% from the March 15th total of 6,287 shares. Based on an average daily volume of 14,905 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in LOUP. Rockefeller Capital Management L.P. lifted its holdings in shares of Innovator Deepwater Frontier Tech ETF by 243.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 584 shares of the company’s stock worth $45,000 after purchasing an additional 414 shares during the period. Kestra Advisory Services LLC acquired a new position in Innovator Deepwater Frontier Tech ETF in the 4th quarter valued at $53,000. Federation des caisses Desjardins du Quebec raised its position in Innovator Deepwater Frontier Tech ETF by 63.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,501 shares of the company’s stock worth $115,000 after buying an additional 580 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Innovator Deepwater Frontier Tech ETF in the 3rd quarter worth $157,000. Finally, Comerica Bank lifted its stake in shares of Innovator Deepwater Frontier Tech ETF by 50.0% in the 3rd quarter. Comerica Bank now owns 3,000 shares of the company’s stock worth $222,000 after acquiring an additional 1,000 shares during the period.

Innovator Deepwater Frontier Tech ETF Price Performance

LOUP stock opened at $79.52 on Thursday. The company has a market cap of $178.92 million, a price-to-earnings ratio of 34.62 and a beta of 1.60. The company has a fifty day moving average price of $73.31 and a 200 day moving average price of $76.35. Innovator Deepwater Frontier Tech ETF has a 12 month low of $41.50 and a 12 month high of $83.56.

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.