SPDR Kensho Future Security ETF (NYSEARCA:FITE – Get Free Report) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 6,999 shares, a decrease of 38.9% from the April 15th total of 11,449 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 12,125 shares, the days-to-cover ratio is presently 0.6 days.
SPDR Kensho Future Security ETF Stock Performance
Shares of NYSEARCA FITE traded up $1.70 during mid-day trading on Monday, reaching $102.37. 5,511 shares of the company’s stock were exchanged, compared to its average volume of 11,578. The firm has a market capitalization of $131.03 million, a price-to-earnings ratio of 29.07 and a beta of 0.95. SPDR Kensho Future Security ETF has a 52-week low of $68.14 and a 52-week high of $102.84. The company’s 50-day moving average is $92.20 and its 200-day moving average is $89.57.
Hedge Funds Weigh In On SPDR Kensho Future Security ETF
A number of hedge funds have recently modified their holdings of FITE. UBS Group AG lifted its stake in 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 worth $2,091,000 after acquiring an additional 800 shares in the last quarter. Cetera Investment Advisers lifted its stake in SPDR Kensho Future Security ETF by 206.1% during the 1st quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock worth $869,000 after acquiring an additional 6,839 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in SPDR Kensho Future Security ETF during the 3rd quarter worth about $856,000. Raymond James Financial Inc. lifted its stake in SPDR Kensho Future Security ETF by 22.9% during the 3rd quarter. Raymond James Financial Inc. now owns 9,481 shares of the company’s stock worth $811,000 after acquiring an additional 1,769 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in SPDR Kensho Future Security ETF by 5.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,063 shares of the company’s stock worth $537,000 after acquiring an additional 372 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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