SPDR Kensho Future Security ETF (NYSEARCA:FITE) Short Interest Down 49.4% in June

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 4,548 shares, a decline of 49.4% from the May 31st total of 8,987 shares. Based on an average daily trading volume, of 12,213 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FITE. UBS Group AG boosted its stake in SPDR Kensho Future Security ETF by 3.4% during the 3rd quarter. UBS Group AG now owns 24,434 shares of the company’s stock worth $2,091,000 after purchasing an additional 800 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of SPDR Kensho Future Security ETF by 206.1% in the first quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock worth $869,000 after buying an additional 6,839 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in SPDR Kensho Future Security ETF during the third quarter worth about $856,000. Raymond James Financial Inc. boosted its position in SPDR Kensho Future Security ETF by 22.9% during the third quarter. Raymond James Financial Inc. now owns 9,481 shares of the company’s stock worth $811,000 after acquiring an additional 1,769 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in SPDR Kensho Future Security ETF by 5.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,063 shares of the company’s stock valued at $537,000 after acquiring an additional 372 shares in the last quarter.

SPDR Kensho Future Security ETF Price Performance

Shares of SPDR Kensho Future Security ETF stock opened at $109.03 on Tuesday. The stock has a market capitalization of $139.56 million, a P/E ratio of 29.07 and a beta of 1.01. The business has a 50 day simple moving average of $104.08 and a two-hundred day simple moving average of $94.79. SPDR Kensho Future Security ETF has a 12 month low of $74.45 and a 12 month high of $118.60.

About SPDR Kensho Future Security ETF

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.