SPDR Kensho Future Security ETF (NYSEARCA:FITE – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 6,487 shares, an increase of 57.5% from the August 31st total of 4,119 shares. Based on an average daily volume of 5,353 shares, the short-interest ratio is presently 1.2 days. Approximately 0.5% of the company’s shares are sold short.
SPDR Kensho Future Security ETF Trading Up 0.5%
NYSEARCA:FITE traded up $0.58 during trading hours on Thursday, hitting $111.40. 5,671 shares of the stock traded hands, compared to its average volume of 9,874. The firm has a 50 day moving average price of $111.07 and a 200 day moving average price of $104.76. SPDR Kensho Future Security ETF has a fifty-two week low of $77.72 and a fifty-two week high of $120.45. The firm has a market cap of $152.62 million, a price-to-earnings ratio of 29.07 and a beta of 1.03.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Hutchens & Kramer Investment Management Group LLC lifted its stake in SPDR Kensho Future Security ETF by 2.9% in the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 41,097 shares of the company’s stock worth $4,618,000 after acquiring an additional 1,147 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in SPDR Kensho Future Security ETF by 208.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,969 shares of the company’s stock valued at $2,918,000 after acquiring an additional 17,549 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of SPDR Kensho Future Security ETF in the 2nd quarter valued at about $2,117,000. Baird Financial Group Inc. increased its holdings in shares of SPDR Kensho Future Security ETF by 0.8% in the 2nd quarter. Baird Financial Group Inc. now owns 13,337 shares of the company’s stock valued at $1,499,000 after purchasing an additional 104 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of SPDR Kensho Future Security ETF by 206.1% in the first quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock worth $869,000 after purchasing an additional 6,839 shares in the last quarter.
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.
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