SPDR Kensho Future Security ETF (NYSEARCA:FITE) Sees Large Decrease in Short Interest

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 7,405 shares, a decrease of 40.1% from the January 29th total of 12,356 shares. Based on an average trading volume of 11,386 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 11,386 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of SPDR Kensho Future Security ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FITE. BNP Paribas Financial Markets acquired a new position in SPDR Kensho Future Security ETF during the third quarter worth about $856,000. Hutchens & Kramer Investment Management Group LLC purchased a new position in SPDR Kensho Future Security ETF in the 4th quarter valued at approximately $481,000. USAdvisors Wealth Management LLC purchased a new position in SPDR Kensho Future Security ETF in the 3rd quarter valued at approximately $318,000. Frederick Financial Consultants LLC raised its holdings in SPDR Kensho Future Security ETF by 2.3% during the second quarter. Frederick Financial Consultants LLC now owns 155,355 shares of the company’s stock worth $11,801,000 after purchasing an additional 3,537 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in SPDR Kensho Future Security ETF in the fourth quarter valued at $283,000.

SPDR Kensho Future Security ETF Trading Down 1.4%

Shares of NYSEARCA:FITE opened at $88.43 on Friday. The firm has a 50 day simple moving average of $90.78 and a 200-day simple moving average of $86.34. SPDR Kensho Future Security ETF has a twelve month low of $53.86 and a twelve month high of $97.47. The company has a market capitalization of $108.77 million, a PE ratio of 29.07 and a beta of 0.99.

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.