SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Short Interest Up 39.9% in February

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 270 shares, an increase of 39.9% from the January 29th total of 193 shares. Based on an average trading volume of 3,363 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 3,363 shares, the short-interest ratio is currently 0.1 days.

SPDR FactSet Innovative Technology ETF Stock Performance

SPDR FactSet Innovative Technology ETF stock opened at $151.48 on Monday. SPDR FactSet Innovative Technology ETF has a 52-week low of $138.01 and a 52-week high of $196.86. The stock’s 50 day moving average price is $167.58 and its two-hundred day moving average price is $178.55. The stock has a market capitalization of $63.62 million, a price-to-earnings ratio of 27.20 and a beta of 1.23.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in SPDR FactSet Innovative Technology ETF in the 2nd quarter valued at about $142,000. Good Life Advisors LLC bought a new position in shares of SPDR FactSet Innovative Technology ETF in the second quarter valued at approximately $212,000. Wells Fargo & Company MN grew its holdings in SPDR FactSet Innovative Technology ETF by 2,153.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,141 shares of the company’s stock worth $382,000 after buying an additional 2,046 shares in the last quarter. Osaic Holdings Inc. raised its position in SPDR FactSet Innovative Technology ETF by 72.2% in the 4th quarter. Osaic Holdings Inc. now owns 3,725 shares of the company’s stock valued at $665,000 after buying an additional 1,562 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in SPDR FactSet Innovative Technology ETF by 14.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,204 shares of the company’s stock valued at $796,000 after acquiring an additional 523 shares in the last quarter.

About SPDR FactSet Innovative Technology ETF

The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.