SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Short Interest Down 70.1% in June

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 9,579 shares, a decline of 70.1% from the June 15th total of 32,042 shares. Based on an average daily volume of 66,650 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

NYSEARCA:KOMP traded down $1.33 during trading on Monday, reaching $67.10. The company’s stock had a trading volume of 86,996 shares, compared to its average volume of 90,201. SPDR S&P Kensho New Economies Composite ETF has a 12 month low of $54.05 and a 12 month high of $75.61. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 20.26 and a beta of 1.32. The firm has a 50 day moving average of $69.95 and a 200-day moving average of $65.18.

Hedge Funds Weigh In On SPDR S&P Kensho New Economies Composite ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Financial Enhancement Group LLC increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 4.3% during the second quarter. Financial Enhancement Group LLC now owns 51,671 shares of the company’s stock worth $3,694,000 after buying an additional 2,144 shares during the last quarter. Parallel Advisors LLC boosted its stake in SPDR S&P Kensho New Economies Composite ETF by 3,987.0% in the first quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock valued at $55,000 after acquiring an additional 917 shares during the last quarter. Bank of America Corp DE grew its position in shares of SPDR S&P Kensho New Economies Composite ETF by 2.7% during the 1st quarter. Bank of America Corp DE now owns 92,875 shares of the company’s stock valued at $5,431,000 after acquiring an additional 2,440 shares during the period. Wealthfront Advisers LLC grew its position in shares of SPDR S&P Kensho New Economies Composite ETF by 30.9% during the 1st quarter. Wealthfront Advisers LLC now owns 6,670 shares of the company’s stock valued at $390,000 after acquiring an additional 1,576 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 1st quarter valued at approximately $184,000.

SPDR S&P Kensho New Economies Composite ETF Company Profile

The SPDR S&P Kensho New Economies Composite ETF (KOMP) is an exchange-traded fund that is based on the S&P Kensho New Economies Composite index. The fund tracks a tier-weighted index of US-listed companies with products or services that disrupt traditional industries. KOMP was launched on Oct 22, 2018 and is managed by State Street.