SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Short Interest Update

by · The Markets Daily

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK – Get Free Report) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 192 shares, a drop of 81.7% from the December 15th total of 1,051 shares. Based on an average daily trading volume, of 2,312 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,312 shares, the days-to-cover ratio is presently 0.1 days.

SPDR FactSet Innovative Technology ETF Trading Down 1.3%

NYSEARCA XITK traded down $2.33 on Tuesday, hitting $181.59. 2,249 shares of the company were exchanged, compared to its average volume of 1,344. SPDR FactSet Innovative Technology ETF has a 1-year low of $138.01 and a 1-year high of $196.86. The firm has a 50 day moving average of $179.01 and a two-hundred day moving average of $184.64. The company has a market cap of $76.27 million, a P/E ratio of 27.20 and a beta of 1.23.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XITK. Harbor Asset Planning Inc. acquired a new position in SPDR FactSet Innovative Technology ETF during the 2nd quarter worth $36,000. Raymond James Financial Inc. bought a new stake in shares of SPDR FactSet Innovative Technology ETF during the second quarter worth $142,000. Good Life Advisors LLC acquired a new position in shares of SPDR FactSet Innovative Technology ETF during the second quarter valued at $212,000. WESPAC Advisors LLC bought a new position in SPDR FactSet Innovative Technology ETF in the second quarter valued at about $664,000. Finally, Ameriprise Financial Inc. boosted its holdings 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 valued at $796,000 after acquiring an additional 523 shares during the last quarter.

SPDR FactSet Innovative Technology ETF Company Profile

(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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