SPDR Kensho Future Security ETF (NYSEARCA:FITE) Short Interest Up 50.5% in January

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 12,356 shares, an increase of 50.5% from the January 15th total of 8,211 shares. Based on an average daily volume of 11,006 shares, the short-interest ratio is presently 1.1 days. Currently, 1.0% of the shares of the company are sold short. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 11,006 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On SPDR Kensho Future Security ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Freedom Investment Management Inc. boosted its position in SPDR Kensho Future Security ETF by 3.9% during the second quarter. Freedom Investment Management Inc. now owns 6,385 shares of the company’s stock worth $485,000 after purchasing an additional 239 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of SPDR Kensho Future Security ETF by 20.5% in the second quarter. Wealthfront Advisers LLC now owns 4,661 shares of the company’s stock valued at $354,000 after buying an additional 794 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of SPDR Kensho Future Security ETF during the 3rd quarter worth approximately $856,000. UBS Group AG lifted its position in shares of SPDR Kensho Future Security ETF by 3.4% during the 3rd quarter. UBS Group AG now owns 24,434 shares of the company’s stock valued at $2,091,000 after buying an additional 800 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of SPDR Kensho Future Security ETF by 1,075.2% during the 3rd quarter. Bank of America Corp DE now owns 1,751 shares of the company’s stock valued at $150,000 after buying an additional 1,602 shares in the last quarter.

SPDR Kensho Future Security ETF Price Performance

FITE stock traded up $1.87 during midday trading on Friday, hitting $89.10. 12,763 shares of the stock traded hands, compared to its average volume of 14,039. SPDR Kensho Future Security ETF has a 1-year low of $53.86 and a 1-year high of $97.47. The stock’s fifty day simple moving average is $90.01 and its 200-day simple moving average is $85.48. The firm has a market cap of $109.59 million, a P/E 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.