SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) Short Interest Up 2,694.0% in July

SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 39,312 shares, an increase of 2,694.0% from the June 30th total of 1,407 shares. Approximately 7.6% of the company’s shares are sold short. Based on an average daily volume of 8,288 shares, the days-to-cover ratio is presently 4.7 days.

Hedge Funds Weigh In On SPDR S&P Kensho Smart Mobility ETF

A hedge fund recently bought a new stake in SPDR S&P Kensho Smart Mobility ETF stock. Raymond James Financial Inc. bought a new stake in shares of SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 811 shares of the company’s stock, valued at approximately $25,000. Raymond James Financial Inc. owned 0.12% of SPDR S&P Kensho Smart Mobility ETF at the end of the most recent reporting period.

SPDR S&P Kensho Smart Mobility ETF Stock Down 2.0%

NYSEARCA:HAIL opened at $35.43 on Friday. SPDR S&P Kensho Smart Mobility ETF has a 52 week low of $30.19 and a 52 week high of $44.80. The stock’s fifty day moving average is $39.35 and its two-hundred day moving average is $36.84. The stock has a market capitalization of $18.42 million, a price-to-earnings ratio of 13.73 and a beta of 1.51.

SPDR S&P Kensho Smart Mobility ETF Company Profile

The SPDR S&P Kensho Smart Mobility ETF (HAIL) is an exchange-traded fund that is based on the S&P Kensho Smart Transportation index. The fund tracks an index of US-listed companies that focuses on autonomous vehicle technology, drone technology, and advanced transportation tracking and transport optimization systems. HAIL was launched on Dec 26, 2017 and is managed by State Street.