SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Stock Short Interest Drops 56.2%

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 1,789 shares, a decrease of 56.2% from the September 15th total of 4,084 shares. Based on an average daily volume of 1,344 shares, the short-interest ratio is presently 1.3 days. Currently, 0.5% of the company’s stock are short sold.

SPDR FactSet Innovative Technology ETF Price Performance

XITK stock traded down $7.79 during midday trading on Wednesday, reaching $192.38. 1,679 shares of the company were exchanged, compared to its average volume of 2,044. SPDR FactSet Innovative Technology ETF has a one year low of $141.05 and a one year high of $211.23. The business has a 50-day moving average price of $199.94 and a two-hundred day moving average price of $187.61. The firm has a market capitalization of $65.41 million, a price-to-earnings ratio of 27.20 and a beta of 1.33.

Institutional Investors Weigh In On SPDR FactSet Innovative Technology ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbour Wealth Management Group Inc. bought a new stake in SPDR FactSet Innovative Technology ETF during the 4th quarter worth $3,503,000. Avior Wealth Management LLC acquired a new position in shares of SPDR FactSet Innovative Technology ETF during the 3rd quarter valued at $1,182,000. Kwmg LLC acquired a new position in SPDR FactSet Innovative Technology ETF during the 3rd quarter worth approximately $872,000. Kaizen Financial Strategies grew its stake in SPDR FactSet Innovative Technology ETF by 4.5% in the third quarter. Kaizen Financial Strategies now owns 3,464 shares of the company’s stock valued at $690,000 after acquiring an additional 150 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of SPDR FactSet Innovative Technology ETF during the second quarter valued at approximately $485,000.

SPDR FactSet Innovative Technology ETF Company Profile

The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.