SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 203 shares, a decline of 87.4% from the August 15th total of 1,613 shares. Based on an average daily volume of 5,135 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in TEKX. Jane Street Group LLC acquired a new stake in shares of SPDR Galaxy Transformative Tech Accelerators ETF during the first quarter worth $249,000. Citadel Advisors LLC lifted its position in SPDR Galaxy Transformative Tech Accelerators ETF by 29.4% in the 2nd quarter. Citadel Advisors LLC now owns 15,479 shares of the company’s stock valued at $1,086,000 after acquiring an additional 3,520 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new stake in SPDR Galaxy Transformative Tech Accelerators ETF in the 2nd quarter valued at $2,170,000.
SPDR Galaxy Transformative Tech Accelerators ETF Stock Performance
Shares of TEKX opened at $64.04 on Friday. The stock has a 50 day simple moving average of $64.32 and a 200 day simple moving average of $58.35. SPDR Galaxy Transformative Tech Accelerators ETF has a 52-week low of $37.49 and a 52-week high of $77.28. The firm has a market capitalization of $16.01 million, a PE ratio of 26.41 and a beta of 3.10.
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.
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