SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Short Interest Update

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 575 shares, an increase of 82.5% from the April 15th total of 315 shares. Based on an average daily volume of 1,985 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR FactSet Innovative Technology ETF

A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its position in shares of SPDR FactSet Innovative Technology ETF by 14.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,204 shares of the company’s stock valued at $796,000 after buying an additional 523 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR FactSet Innovative Technology ETF in the 2nd quarter valued at about $142,000. LPL Financial LLC grew its position in shares of SPDR FactSet Innovative Technology ETF by 5.1% in the 4th quarter. LPL Financial LLC now owns 31,121 shares of the company’s stock valued at $5,553,000 after buying an additional 1,516 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of SPDR FactSet Innovative Technology ETF by 72.2% in the 4th quarter. Osaic Holdings Inc. now owns 3,725 shares of the company’s stock valued at $665,000 after buying an additional 1,562 shares during the last quarter. Finally, Wells Fargo & Company MN grew 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 valued at $382,000 after buying an additional 2,046 shares during the last quarter.

SPDR FactSet Innovative Technology ETF Trading Down 1.4%

NYSEARCA XITK opened at $183.38 on Tuesday. The business’s 50-day moving average price is $162.55 and its two-hundred day moving average price is $168.51. SPDR FactSet Innovative Technology ETF has a 12 month low of $141.05 and a 12 month high of $196.86. The firm has a market capitalization of $64.18 million, a PE ratio of 27.20 and a beta of 1.27.

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.