Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 14,129 shares, an increase of 161.2% from the July 30th total of 5,410 shares. Based on an average daily trading volume, of 11,952 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.6% of the shares of the stock are short sold.
Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF
A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of Innovator Deepwater Frontier Tech ETF by 23.2% during the fourth quarter. Royal Bank of Canada now owns 231,075 shares of the company’s stock valued at $17,657,000 after purchasing an additional 43,472 shares during the last quarter. LPL Financial LLC boosted its position in Innovator Deepwater Frontier Tech ETF by 49.0% in the 4th quarter. LPL Financial LLC now owns 130,583 shares of the company’s stock valued at $9,978,000 after buying an additional 42,923 shares during the last quarter. Elmwood Wealth Management Inc. boosted its holdings in Innovator Deepwater Frontier Tech ETF by 0.7% in the second quarter. Elmwood Wealth Management Inc. now owns 116,401 shares of the company’s stock valued at $11,472,000 after acquiring an additional 855 shares during the last quarter. Epiq Partners LLC increased its position in Innovator Deepwater Frontier Tech ETF by 5.8% in the second quarter. Epiq Partners LLC now owns 90,924 shares of the company’s stock worth $8,961,000 after purchasing an additional 4,968 shares during the period. Finally, Focus Partners Wealth acquired a new stake in Innovator Deepwater Frontier Tech ETF in the fourth quarter worth about $4,281,000.
Innovator Deepwater Frontier Tech ETF Trading Down 2.9%
NYSEARCA LOUP traded down $2.66 on Friday, hitting $89.06. 18,313 shares of the company were exchanged, compared to its average volume of 14,832. The firm has a 50 day moving average of $91.87 and a two-hundred day moving average of $84.65. The company has a market cap of $209.29 million, a P/E ratio of 34.62 and a beta of 1.70. Innovator Deepwater Frontier Tech ETF has a 1-year low of $64.15 and a 1-year high of $100.30.
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.
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