SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 23,619 shares, a growth of 146.6% from the June 30th total of 9,579 shares. Based on an average daily volume of 111,321 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.
Hedge Funds Weigh In On SPDR S&P Kensho New Economies Composite ETF
Large investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC increased its stake in SPDR S&P Kensho New Economies Composite ETF by 28.8% in the second quarter. Orion Porfolio Solutions LLC now owns 45,056 shares of the company’s stock worth $2,450,000 after purchasing an additional 10,078 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the third quarter worth $1,868,000. One Capital Management LLC purchased a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the third quarter valued at $359,000. Raymond James Financial Inc. boosted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 0.9% during the third quarter. Raymond James Financial Inc. now owns 92,632 shares of the company’s stock valued at $5,767,000 after purchasing an additional 813 shares during the period. Finally, Creative Planning grew its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 2.7% in the third quarter. Creative Planning now owns 8,725 shares of the company’s stock worth $543,000 after purchasing an additional 231 shares during the last quarter.
SPDR S&P Kensho New Economies Composite ETF Price Performance
Shares of NYSEARCA:KOMP opened at $63.47 on Thursday. SPDR S&P Kensho New Economies Composite ETF has a 1 year low of $54.05 and a 1 year high of $75.61. The business has a 50 day simple moving average of $69.51 and a two-hundred day simple moving average of $65.60. The firm has a market capitalization of $2.52 billion, a PE ratio of 20.26 and a beta of 1.32.
About SPDR S&P Kensho New Economies Composite ETF
The SPDR S&P Kensho New Economies Composite ETF (KOMP) is an exchange-traded fund that is based on the S&P Kensho New Economies Composite index. The fund tracks a tier-weighted index of US-listed companies with products or services that disrupt traditional industries. KOMP was launched on Oct 22, 2018 and is managed by State Street.
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