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

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) 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

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.