SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Sees Large Decline in Short Interest

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 203 shares, a decrease of 87.4% from the August 15th total of 1,613 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,135 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TEKX. Wedbush Securities Inc. purchased a new stake in shares of SPDR Galaxy Transformative Tech Accelerators ETF in the second quarter worth $2,170,000. Jane Street Group LLC bought a new position in SPDR Galaxy Transformative Tech Accelerators ETF in the 1st quarter worth about $249,000. Finally, Citadel Advisors LLC grew its position in 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 purchasing an additional 3,520 shares during the last quarter.

SPDR Galaxy Transformative Tech Accelerators ETF Stock Performance

NASDAQ TEKX remained flat at $62.58 during trading hours on Friday. 2,219 shares of the company were exchanged, compared to its average volume of 3,900. SPDR Galaxy Transformative Tech Accelerators ETF has a one year low of $36.96 and a one year high of $77.28. The business’s 50-day simple moving average is $64.38 and its 200-day simple moving average is $58.31. The company has a market cap of $15.64 million, a price-to-earnings ratio of 26.41 and a beta of 3.10.

About SPDR Galaxy Transformative Tech Accelerators ETF

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.