SPDR Kensho Future Security ETF (NYSEARCA:FITE) Sees Significant Drop in Short Interest

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,987 shares, a decline of 46.6% from the May 14th total of 16,836 shares. Based on an average trading volume of 8,829 shares, the short-interest ratio is presently 1.0 days. Approximately 0.7% of the shares of the stock are short sold.

SPDR Kensho Future Security ETF Stock Down 1.8%

Shares of NYSEARCA FITE traded down $1.99 during mid-day trading on Friday, reaching $108.56. 7,205 shares of the company were exchanged, compared to its average volume of 11,355. SPDR Kensho Future Security ETF has a 52 week low of $71.40 and a 52 week high of $118.60. The stock has a market capitalization of $138.96 million, a PE ratio of 29.07 and a beta of 1.01. The company’s 50 day moving average price is $100.67 and its 200 day moving average price is $92.95.

Institutional Trading of SPDR Kensho Future Security ETF

Hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in shares of SPDR Kensho Future Security ETF by 206.1% during the 1st quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock worth $869,000 after acquiring an additional 6,839 shares during the last quarter. Phillip James Consulting Co. bought a new stake in shares of SPDR Kensho Future Security ETF during the 1st quarter worth $109,000. Kestra Advisory Services LLC bought a new stake in SPDR Kensho Future Security ETF in the fourth quarter worth $79,000. Allworth Financial LP bought a new stake in SPDR Kensho Future Security ETF in the fourth quarter worth $58,000. Finally, Bank of America Corp DE lifted its stake in SPDR Kensho Future Security ETF by 1,075.2% in the third quarter. Bank of America Corp DE now owns 1,751 shares of the company’s stock worth $150,000 after purchasing an additional 1,602 shares during the last quarter.

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.