Short Interest in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Rises By 558.9%

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,041 shares, a growth of 558.9% from the July 15th total of 158 shares. Based on an average trading volume of 4,039 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SPDR Galaxy Transformative Tech Accelerators ETF stock. Jane Street Group LLC bought a new position in shares of SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,426 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned approximately 19.04% of SPDR Galaxy Transformative Tech Accelerators ETF as of its most recent SEC filing.

SPDR Galaxy Transformative Tech Accelerators ETF Price Performance

NASDAQ:TEKX opened at $63.95 on Friday. SPDR Galaxy Transformative Tech Accelerators ETF has a one year low of $31.92 and a one year high of $77.28. The company has a fifty day moving average price of $66.75 and a 200 day moving average price of $55.72. The stock has a market cap of $15.99 million, a P/E ratio of 26.41 and a beta of 3.16.

About SPDR Galaxy Transformative Tech Accelerators ETF

The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in companies identified as transformative tech accelerators, both internationally and domestically. TEKX was launched on Sep 9, 2024 and is issued by State Street.