SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Sees Large Decrease in Short Interest

by · The Cerbat Gem

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK – Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 231 shares, a decrease of 59.8% from the April 30th total of 575 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 919 shares, the days-to-cover ratio is currently 0.3 days.

SPDR FactSet Innovative Technology ETF Stock Up 5.2%

Shares of SPDR FactSet Innovative Technology ETF stock traded up $10.51 on Monday, hitting $211.01. 1,186 shares of the company’s stock traded hands, compared to its average volume of 2,009. The stock has a market cap of $73.85 million, a P/E ratio of 27.20 and a beta of 1.27. The firm’s 50-day moving average is $170.99 and its 200 day moving average is $169.29. SPDR FactSet Innovative Technology ETF has a 52-week low of $141.05 and a 52-week high of $211.23.

Hedge Funds Weigh In On SPDR FactSet Innovative Technology ETF

Several large investors have recently added to or reduced their stakes in XITK. Raymond James Financial Inc. bought a new position in SPDR FactSet Innovative Technology ETF during the second quarter worth $142,000. Ameriprise Financial Inc. increased its position in SPDR FactSet Innovative Technology ETF by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 4,204 shares of the company’s stock worth $796,000 after buying an additional 523 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in SPDR FactSet Innovative Technology ETF by 15,685.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,840 shares of the company’s stock worth $1,577,000 after buying an additional 8,784 shares during the period. LPL Financial LLC increased its position in SPDR FactSet Innovative Technology ETF by 5.1% in the fourth quarter. LPL Financial LLC now owns 31,121 shares of the company’s stock worth $5,553,000 after buying an additional 1,516 shares during the period. Finally, Wells Fargo & Company MN increased its position in SPDR FactSet Innovative Technology ETF by 2,153.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,141 shares of the company’s stock worth $382,000 after buying an additional 2,046 shares during the period.

About SPDR FactSet Innovative Technology ETF

(Get Free Report)

The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.

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