SPDR Kensho Future Security ETF (NYSEARCA:FITE) Shares Shorted: Short Interest Down 80.2% in October

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,416 shares, a decrease of 80.2% from the September 30th total of 7,156 shares. Based on an average daily trading volume, of 5,557 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On SPDR Kensho Future Security ETF

A number of institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. increased its holdings in SPDR Kensho Future Security ETF by 0.8% during the second quarter. Baird Financial Group Inc. now owns 13,337 shares of the company’s stock worth $1,499,000 after buying an additional 104 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in SPDR Kensho Future Security ETF in the third quarter worth about $45,000. Integrated Wealth Concepts LLC purchased a new position in SPDR Kensho Future Security ETF in the second quarter valued at about $52,000. Hutchens & Kramer Investment Management Group LLC boosted its stake in SPDR Kensho Future Security ETF by 2.7% in the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 42,190 shares of the company’s stock valued at $4,675,000 after acquiring an additional 1,093 shares during the last quarter. Finally, Phillip James Consulting Co. purchased a new position in SPDR Kensho Future Security ETF in the first quarter valued at about $109,000.

SPDR Kensho Future Security ETF Stock Performance

Shares of NYSEARCA:FITE opened at $112.64 on Tuesday. The business’s 50 day simple moving average is $110.38 and its two-hundred day simple moving average is $101.99. The firm has a market cap of $157.70 million, a P/E ratio of 29.07 and a beta of 1.03. SPDR Kensho Future Security ETF has a 52-week low of $77.72 and a 52-week high of $120.45.

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.