SPDR Kensho Future Security ETF (NYSEARCA:FITE) Sees Large Increase in Short Interest

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,439 shares, an increase of 177.3% from the July 30th total of 1,601 shares. Based on an average trading volume of 7,559 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short.

SPDR Kensho Future Security ETF Trading Down 2.5%

FITE stock traded down $2.81 during midday trading on Friday, hitting $111.39. The company’s stock had a trading volume of 14,884 shares, compared to its average volume of 10,322. The firm’s 50-day moving average is $110.69 and its 200-day moving average is $101.27. SPDR Kensho Future Security ETF has a 12 month low of $77.72 and a 12 month high of $120.45. The company has a market cap of $149.26 million, a PE ratio of 29.07 and a beta of 1.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hutchens & Kramer Investment Management Group LLC increased its holdings in SPDR Kensho Future Security ETF by 2.9% in the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 41,097 shares of the company’s stock worth $4,618,000 after buying an additional 1,147 shares in the last quarter. UBS Group AG lifted 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 valued at $2,091,000 after acquiring an additional 800 shares during the period. Cetera Investment Advisers boosted its holdings in shares of SPDR Kensho Future Security ETF by 206.1% during the 1st quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock valued at $869,000 after acquiring an additional 6,839 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of SPDR Kensho Future Security ETF during the 3rd quarter valued at about $856,000. Finally, Raymond James Financial Inc. grew its stake in shares of SPDR Kensho Future Security ETF by 22.9% in 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 period.

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.