Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Short Interest Down 56.5% in June

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 15,499 shares, a drop 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 volume of 12,045 shares, the days-to-cover ratio is currently 1.3 days.

Innovator Deepwater Frontier Tech ETF Price Performance

Shares of NYSEARCA:LOUP traded down $0.79 during midday trading on Wednesday, hitting $92.01. 7,776 shares of the company’s stock were exchanged, compared to its average volume of 15,422. The company has a market cap of $216.22 million, a PE ratio of 34.62 and a beta of 1.68. The stock has a 50 day moving average price of $92.71 and a 200-day moving average price of $82.18. Innovator Deepwater Frontier Tech ETF has a 12 month low of $61.31 and a 12 month high of $100.30.

Institutional Trading of Innovator Deepwater Frontier Tech ETF

A number of institutional investors have recently modified their holdings of LOUP. Rockefeller Capital Management L.P. grew its stake in 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 valued at $45,000 after acquiring an additional 414 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Innovator Deepwater Frontier Tech ETF during the 4th quarter valued at $53,000. Federation des caisses Desjardins du Quebec lifted its holdings in shares of 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 acquiring an additional 580 shares during the last quarter. Triumph Capital Management purchased a new position in Innovator Deepwater Frontier Tech ETF in the third quarter worth $157,000. Finally, Fifth Third Bancorp bought a new position in Innovator Deepwater Frontier Tech ETF in the first quarter valued at $207,000.

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.