Short Interest in SPDR Kensho Future Security ETF (NYSEARCA:FITE) Expands By 181.7%

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 9,114 shares, an increase of 181.7% from the November 30th total of 3,235 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 6,951 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 6,951 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.8% of the shares of the company are sold short.

SPDR Kensho Future Security ETF Price Performance

Shares of FITE stock traded down $0.85 during trading hours on Friday, reaching $86.44. 7,392 shares of the company traded hands, compared to its average volume of 8,361. SPDR Kensho Future Security ETF has a 12-month low of $53.86 and a 12-month high of $91.61. The company has a market cap of $95.08 million, a P/E ratio of 29.07 and a beta of 0.99. The firm has a 50-day moving average price of $85.29 and a 200 day moving average price of $81.40.

Institutional Trading of SPDR Kensho Future Security ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Freedom Investment Management Inc. boosted its holdings in SPDR Kensho Future Security ETF by 3.9% in the 2nd quarter. Freedom Investment Management Inc. now owns 6,385 shares of the company’s stock worth $485,000 after buying an additional 239 shares during the period. Wealthfront Advisers LLC raised its holdings in SPDR Kensho Future Security ETF by 20.5% during the second quarter. Wealthfront Advisers LLC now owns 4,661 shares of the company’s stock valued at $354,000 after acquiring an additional 794 shares during the period. Wealth Preservation Advisors LLC purchased a new position in shares of SPDR Kensho Future Security ETF in the first quarter valued at about $53,000. Baird Financial Group Inc. bought a new position in shares of SPDR Kensho Future Security ETF in the first quarter worth about $420,000. Finally, Farther Finance Advisors LLC bought a new position in shares of SPDR Kensho Future Security ETF in the third quarter worth about $109,000.

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.