SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Stock Short Interest Drops 87.1%

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 257 shares, a decrease of 87.1% from the September 15th total of 1,996 shares. Based on an average trading volume of 3,380 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

SPDR Galaxy Transformative Tech Accelerators ETF Trading Down 1.5%

NASDAQ:TEKX traded down $0.89 on Monday, hitting $58.58. 2,347 shares of the stock were exchanged, compared to its average volume of 3,791. The stock has a market cap of $14.64 million, a PE ratio of 26.41 and a beta of 3.07. SPDR Galaxy Transformative Tech Accelerators ETF has a fifty-two week low of $38.32 and a fifty-two week high of $77.28. The stock has a fifty day moving average of $63.88 and a 200-day moving average of $61.29.

Hedge Funds Weigh In On SPDR Galaxy Transformative Tech Accelerators ETF

A hedge fund recently raised its stake in SPDR Galaxy Transformative Tech Accelerators ETF stock. Citadel Advisors LLC raised its holdings in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) by 29.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,479 shares of the company’s stock after purchasing an additional 3,520 shares during the period. Citadel Advisors LLC owned about 6.19% of SPDR Galaxy Transformative Tech Accelerators ETF worth $1,086,000 as of its most recent SEC filing.

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.