SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Sees Significant Growth in Short Interest

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,613 shares, an increase of 54.9% from the July 30th total of 1,041 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 3,699 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of SPDR Galaxy Transformative Tech Accelerators ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in SPDR Galaxy Transformative Tech Accelerators ETF in the first quarter worth approximately $249,000. Citadel Advisors LLC lifted its position in shares of SPDR Galaxy Transformative Tech Accelerators ETF by 29.4% during the 2nd quarter. Citadel Advisors LLC now owns 15,479 shares of the company’s stock valued at $1,086,000 after acquiring an additional 3,520 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in shares of SPDR Galaxy Transformative Tech Accelerators ETF during the 2nd quarter valued at $2,170,000.

SPDR Galaxy Transformative Tech Accelerators ETF Trading Up 0.5%

Shares of NASDAQ TEKX opened at $58.97 on Thursday. SPDR Galaxy Transformative Tech Accelerators ETF has a twelve month low of $33.47 and a twelve month high of $77.28. The firm has a 50-day moving average of $64.92 and a two-hundred day moving average of $57.48. The company has a market capitalization of $14.74 million, a price-to-earnings ratio of 26.41 and a beta of 3.10.

SPDR Galaxy Transformative Tech Accelerators ETF Company Profile

The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in companies identified as transformative tech accelerators, both internationally and domestically. TEKX was launched on Sep 9, 2024 and is issued by State Street.