Short Interest in SPDR Kensho Future Security ETF (NYSEARCA:FITE) Grows By 140.5%
by Teresa Graham · The Cerbat GemSPDR Kensho Future Security ETF (NYSEARCA:FITE – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 16,836 shares, a growth of 140.5% from the April 30th total of 6,999 shares. Based on an average trading volume of 7,038 shares, the short-interest ratio is presently 2.4 days. Approximately 1.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On SPDR Kensho Future Security ETF
Several institutional investors have recently added to or reduced their stakes in FITE. Geneos Wealth Management Inc. acquired a new position in SPDR Kensho Future Security ETF in the fourth quarter valued at about $26,000. Allworth Financial LP bought a new position in shares of SPDR Kensho Future Security ETF in the fourth quarter valued at approximately $58,000. CWM LLC bought a new position in shares of SPDR Kensho Future Security ETF in the fourth quarter valued at approximately $76,000. Kestra Advisory Services LLC acquired a new position in shares of SPDR Kensho Future Security ETF in the 4th quarter worth approximately $79,000. Finally, Phillip James Consulting Co. acquired a new position in shares of SPDR Kensho Future Security ETF in the 1st quarter worth approximately $109,000.
SPDR Kensho Future Security ETF Stock Performance
Shares of NYSEARCA FITE traded up $1.31 during midday trading on Friday, reaching $117.08. 9,745 shares of the company traded hands, compared to its average volume of 11,391. SPDR Kensho Future Security ETF has a 12 month low of $68.30 and a 12 month high of $117.08. The stock’s 50-day simple moving average is $95.74 and its 200-day simple moving average is $90.95. The firm has a market cap of $149.86 million, a PE ratio of 29.07 and a beta of 0.95.
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.