SPDR Kensho Future Security ETF (NYSEARCA:FITE – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,439 shares, an increase of 177.3% from the July 30th total of 1,601 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 7,559 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Investors Weigh In On SPDR Kensho Future Security ETF
Several hedge funds and other institutional investors have recently made changes to their positions in FITE. Hutchens & Kramer Investment Management Group LLC increased its position in SPDR Kensho Future Security ETF by 2.9% during the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 41,097 shares of the company’s stock worth $4,618,000 after purchasing an additional 1,147 shares in the last quarter. UBS Group AG boosted its position in SPDR Kensho Future Security ETF by 3.4% in the third quarter. UBS Group AG now owns 24,434 shares of the company’s stock valued at $2,091,000 after buying an additional 800 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of SPDR Kensho Future Security ETF by 206.1% during the first quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock worth $869,000 after buying an additional 6,839 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of SPDR Kensho Future Security ETF during the third quarter worth $856,000. Finally, Raymond James Financial Inc. increased its holdings in shares of SPDR Kensho Future Security ETF by 22.9% during the third quarter. Raymond James Financial Inc. now owns 9,481 shares of the company’s stock worth $811,000 after buying an additional 1,769 shares in the last quarter.
SPDR Kensho Future Security ETF Stock Performance
Shares of NYSEARCA:FITE opened at $111.39 on Friday. SPDR Kensho Future Security ETF has a 52 week low of $77.72 and a 52 week high of $120.45. The company has a 50 day moving average price of $110.69 and a two-hundred day moving average price of $101.27. The company has a market capitalization of $149.26 million, a PE ratio of 29.07 and a beta of 1.03.
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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