Short Interest in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Increases By 97.2%

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKXGet Free Report) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 12,478 shares, a growth of 97.2% from the May 14th total of 6,329 shares. Currently, 9.6% of the shares of the company are short sold. Based on an average daily trading volume, of 5,523 shares, the short-interest ratio is presently 2.3 days.

Institutional Trading of SPDR Galaxy Transformative Tech Accelerators ETF

An institutional investor recently bought a new position in SPDR Galaxy Transformative Tech Accelerators ETF stock. Jane Street Group LLC bought a new position in shares of SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKXFree Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,426 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned 19.04% of SPDR Galaxy Transformative Tech Accelerators ETF as of its most recent filing with the SEC.

SPDR Galaxy Transformative Tech Accelerators ETF Stock Performance

Shares of TEKX stock traded up $1.68 during midday trading on Monday, hitting $69.96. 15,161 shares of the company were exchanged, compared to its average volume of 3,620. The firm has a market capitalization of $9.09 million, a P/E ratio of 26.41 and a beta of 3.15. The firm’s 50 day moving average price is $57.85 and its two-hundred day moving average price is $48.40. SPDR Galaxy Transformative Tech Accelerators ETF has a 52 week low of $27.60 and a 52 week high of $71.73.

SPDR Galaxy Transformative Tech Accelerators ETF Company Profile

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The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in companies identified as transformative tech accelerators, both internationally and domestically. TEKX was launched on Sep 9, 2024 and is issued by State Street.

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