SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Sees Large Decrease in Short Interest

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 193 shares, a decrease of 13.8% from the January 15th total of 224 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,509 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,509 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

SPDR FactSet Innovative Technology ETF Stock Down 1.7%

Shares of NYSEARCA:XITK traded down $2.59 during midday trading on Tuesday, hitting $146.58. The stock had a trading volume of 1,197 shares, compared to its average volume of 1,986. The company’s 50-day moving average price is $173.10 and its 200-day moving average price is $180.61. The company has a market capitalization of $61.56 million, a P/E ratio of 27.20 and a beta of 1.23. SPDR FactSet Innovative Technology ETF has a fifty-two week low of $138.01 and a fifty-two week high of $196.86.

Institutional Investors Weigh In On SPDR FactSet Innovative Technology ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its holdings in shares of SPDR FactSet Innovative Technology ETF by 72.2% during the fourth quarter. Osaic Holdings Inc. now owns 3,725 shares of the company’s stock worth $665,000 after purchasing an additional 1,562 shares during the period. Royal Bank of Canada increased its holdings in SPDR FactSet Innovative Technology ETF by 84.9% in the 4th quarter. Royal Bank of Canada now owns 14,830 shares of the company’s stock worth $2,646,000 after buying an additional 6,810 shares in the last quarter. Wells Fargo & Company MN lifted its position in SPDR FactSet Innovative Technology ETF by 2,153.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,141 shares of the company’s stock valued at $382,000 after purchasing an additional 2,046 shares during the period. LPL Financial LLC grew its holdings in shares of SPDR FactSet Innovative Technology ETF by 5.1% in the fourth quarter. LPL Financial LLC now owns 31,121 shares of the company’s stock worth $5,553,000 after acquiring an additional 1,516 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of SPDR FactSet Innovative Technology ETF by 15,685.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,840 shares of the company’s stock worth $1,577,000 after purchasing an additional 8,784 shares during the period.

SPDR FactSet Innovative Technology ETF Company Profile

The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.