16-May-2024
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The Innovator Deepwater Frontier Tech ETF seeks to provide exposure to the investment results of the Deepwater Frontier Tech Index, which tracks the performance of companies that influence the future of technology including, but not limited to, artificial intelligence, fintech, robotics, autonomous and electric vehicles, and virtual/augmented reality. Effective April 1, 2023, the Fund's name will change from the Innovator Loup Frontier Tech ETF to the Innovator Deepwater Frontier Tech ETF.
Innovator Deepwater Frontier Tech ETF trades on the ARCA stock market under the symbol LOUP.
As of May 16, 2024, LOUP stock price declined to $47.44 with 3,963 million shares trading.
LOUP has a market cap of $56.93 million. This is considered a Micro Cap stock.
In the last 3 years, LOUP stock traded as high as $59.23 and as low as $25.66.
LOUP has outperformed the market in the last year with a price return of +39.1% while the SPY ETF gained +29.6%. However, in the short term, LOUP had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.0% vs +5.6% return in SPY. But in the last 2 weeks, LOUP shares have fared better than the market returning +9.6% compared to SPY +5.7%.
LOUP support price is $47.06 and resistance is $48.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LOUP stock will trade within this expected range on the day.