Short Interest in SPDR Kensho Future Security ETF (NYSEARCA:FITE) Grows By 140.5%

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 16,836 shares, a growth of 140.5% from the April 30th total of 6,999 shares. Based on an average trading volume of 7,038 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.3% of the shares of the company are sold short.

SPDR Kensho Future Security ETF Stock Performance

Shares of NYSEARCA:FITE traded up $1.31 during trading on Friday, hitting $117.08. 9,745 shares of the stock were exchanged, compared to its average volume of 11,391. The company has a market capitalization of $149.86 million, a price-to-earnings ratio of 29.07 and a beta of 0.95. SPDR Kensho Future Security ETF has a 1-year low of $68.30 and a 1-year high of $117.08. The company’s fifty day simple moving average is $95.74 and its 200-day simple moving average is $90.95.

Hedge Funds Weigh In On SPDR Kensho Future Security ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG boosted its position in shares of SPDR Kensho Future Security ETF by 3.4% during the 3rd quarter. UBS Group AG now owns 24,434 shares of the company’s stock valued at $2,091,000 after acquiring an additional 800 shares in the last quarter. Cetera Investment Advisers raised its position in SPDR Kensho Future Security ETF by 206.1% in the first quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock worth $869,000 after purchasing an additional 6,839 shares in the last quarter. BNP Paribas Financial Markets bought a new position in SPDR Kensho Future Security ETF during the third quarter worth about $856,000. Raymond James Financial Inc. lifted its stake in SPDR Kensho Future Security ETF by 22.9% during the third quarter. Raymond James Financial Inc. now owns 9,481 shares of the company’s stock worth $811,000 after purchasing an additional 1,769 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in SPDR Kensho Future Security ETF by 5.6% during the second quarter. Baird Financial Group Inc. now owns 7,063 shares of the company’s stock valued at $537,000 after purchasing an additional 372 shares in the last quarter.

SPDR Kensho Future Security ETF Company Profile

The SPDR S&P Kensho Future Security ETF (FITE) is an exchange-traded fund that is based on the S&P Kensho Future Security index. The fund tracks an index of US stocks supporting technological innovations in future military and security applications. FITE was launched on Dec 26, 2017 and is managed by State Street.