Yes, there's even a line in the movie where some guy says "It's dragging me underwater!" And I cheered!
20th Century Fox looks like they spent some money on this one, which is fine as long as they remember the genre's B-movie roots and made this gory and fun. Given it's a Big Studio Movie they probably didn't, but I'll keep my fingers crossed.
Check out the trailer:
Underwater stars Kristen Stewart, Vincent Cassel, T.J. Miller and John Gallagher Jr. It's directed by The Signal's William Eubank, and opens Jan. 10, 2020, which seems like a weird time to unleash a movie that'd play well in the summer, but what the duck do I know?
Source: 20th Century Fox