SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Sees Significant Increase in Short Interest

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,613 shares, an increase of 54.9% from the July 30th total of 1,041 shares. Based on an average daily volume of 3,699 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR Galaxy Transformative Tech Accelerators ETF

A number of hedge funds have recently added to or reduced their stakes in TEKX. Wedbush Securities Inc. purchased a new position in shares of SPDR Galaxy Transformative Tech Accelerators ETF in the 2nd quarter worth $2,170,000. Jane Street Group LLC bought a new position in shares of SPDR Galaxy Transformative Tech Accelerators ETF during the 1st quarter valued at approximately $249,000. Finally, Citadel Advisors LLC raised its position in shares of SPDR Galaxy Transformative Tech Accelerators ETF by 29.4% during the 2nd quarter. Citadel Advisors LLC now owns 15,479 shares of the company’s stock valued at $1,086,000 after purchasing an additional 3,520 shares during the period.

SPDR Galaxy Transformative Tech Accelerators ETF Stock Down 3.2%

NASDAQ:TEKX opened at $58.69 on Wednesday. SPDR Galaxy Transformative Tech Accelerators ETF has a 52 week low of $33.47 and a 52 week high of $77.28. The company’s 50 day moving average price is $65.12 and its 200-day moving average price is $57.38. The stock has a market cap of $14.67 million, a price-to-earnings ratio of 26.41 and a beta of 3.16.

SPDR Galaxy Transformative Tech Accelerators ETF Company Profile

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.