Short Interest in SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Rises By 132.1%

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 427 shares, a growth of 132.1% from the February 26th total of 184 shares. Based on an average trading volume of 5,235 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On SPDR FactSet Innovative Technology ETF

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of SPDR FactSet Innovative Technology ETF in the second quarter valued at about $142,000. Wells Fargo & Company MN lifted its position in shares of SPDR FactSet Innovative Technology ETF by 2,153.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,141 shares of the company’s stock worth $382,000 after purchasing an additional 2,046 shares during the period. Osaic Holdings Inc. increased its position 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 buying an additional 1,562 shares during the period. Ameriprise Financial Inc. grew its holdings in SPDR FactSet Innovative Technology ETF by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 4,204 shares of the company’s stock worth $796,000 after purchasing an additional 523 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in SPDR FactSet Innovative Technology ETF by 15,685.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,840 shares of the company’s stock worth $1,577,000 after acquiring an additional 8,784 shares during the period.

SPDR FactSet Innovative Technology ETF Trading Down 1.1%

Shares of NYSEARCA:XITK opened at $150.79 on Thursday. The firm has a 50 day moving average of $157.69 and a 200-day moving average of $174.78. SPDR FactSet Innovative Technology ETF has a 12 month low of $138.01 and a 12 month high of $196.86. The stock has a market capitalization of $63.33 million, a PE ratio of 27.20 and a beta of 1.23.

About SPDR FactSet Innovative Technology ETF

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.