SPDR Kensho Future Security ETF (NYSEARCA:FITE) Short Interest Update

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 6,487 shares, a growth of 57.5% from the August 31st total of 4,119 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 5,353 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On SPDR Kensho Future Security ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hutchens & Kramer Investment Management Group LLC raised its stake in shares of SPDR Kensho Future Security ETF by 2.9% in the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 41,097 shares of the company’s stock valued at $4,618,000 after purchasing an additional 1,147 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of SPDR Kensho Future Security ETF by 208.4% during the second quarter. Envestnet Asset Management Inc. now owns 25,969 shares of the company’s stock worth $2,918,000 after buying an additional 17,549 shares in the last quarter. Tidal Investments LLC bought a new position in shares of SPDR Kensho Future Security ETF during the second quarter worth about $2,117,000. Baird Financial Group Inc. raised its position in SPDR Kensho Future Security ETF by 0.8% in the 2nd quarter. Baird Financial Group Inc. now owns 13,337 shares of the company’s stock valued at $1,499,000 after buying an additional 104 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in SPDR Kensho Future Security ETF by 206.1% in the 1st quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock valued at $869,000 after buying an additional 6,839 shares during the last quarter.

SPDR Kensho Future Security ETF Price Performance

Shares of SPDR Kensho Future Security ETF stock traded up $1.06 on Friday, hitting $112.46. The company had a trading volume of 720 shares, compared to its average volume of 9,825. The stock has a 50-day moving average of $111.07 and a 200-day moving average of $104.76. SPDR Kensho Future Security ETF has a twelve month low of $77.72 and a twelve month high of $120.45. The firm has a market capitalization of $154.07 million, a P/E ratio of 29.07 and a beta of 1.03.

About SPDR Kensho Future Security ETF

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.