SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Stock Short Interest Drops 87.1%

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 257 shares, a drop of 87.1% from the September 15th total of 1,996 shares. Based on an average trading volume of 3,380 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

SPDR Galaxy Transformative Tech Accelerators ETF Stock Up 0.5%

Shares of TEKX stock opened at $59.47 on Friday. SPDR Galaxy Transformative Tech Accelerators ETF has a 12-month low of $38.32 and a 12-month high of $77.28. The firm has a fifty day moving average of $63.88 and a 200-day moving average of $61.17. The firm has a market capitalization of $14.87 million, a price-to-earnings ratio of 26.41 and a beta of 3.07.

Hedge Funds Weigh In On SPDR Galaxy Transformative Tech Accelerators ETF

An institutional investor recently bought a new position in SPDR Galaxy Transformative Tech Accelerators ETF stock. Wedbush Securities Inc. purchased a new stake in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 74,129 shares of the company’s stock, valued at approximately $2,170,000. Wedbush Securities Inc. owned approximately 29.65% of SPDR Galaxy Transformative Tech Accelerators ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

SPDR Galaxy Transformative Tech Accelerators ETF Company Profile

(Get Free Report)

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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