Short Interest in SPDR Kensho Future Security ETF (NYSEARCA:FITE) Decreases By 46.6%

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 8,987 shares, a decrease of 46.6% from the May 14th total of 16,836 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,829 shares, the days-to-cover ratio is presently 1.0 days.

SPDR Kensho Future Security ETF Trading Up 0.7%

Shares of NYSEARCA:FITE traded up $0.72 during trading on Monday, reaching $109.28. The company’s stock had a trading volume of 24,136 shares, compared to its average volume of 11,468. SPDR Kensho Future Security ETF has a 12 month low of $71.40 and a 12 month high of $118.60. The firm’s 50 day simple moving average is $101.07 and its two-hundred day simple moving average is $93.23. The stock has a market capitalization of $139.88 million, a PE ratio of 29.07 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. bought a new position in shares of SPDR Kensho Future Security ETF in the 4th quarter valued at about $26,000. Allworth Financial LP bought a new position in shares of SPDR Kensho Future Security ETF in the 4th quarter valued at about $58,000. CWM LLC bought a new position in shares of SPDR Kensho Future Security ETF in the 4th quarter valued at about $76,000. Kestra Advisory Services LLC bought a new position in shares of SPDR Kensho Future Security ETF in the 4th quarter valued at about $79,000. Finally, Phillip James Consulting Co. bought a new position in shares of SPDR Kensho Future Security ETF in the 1st quarter valued at about $109,000.

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.