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

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 12,356 shares, a growth of 50.5% from the January 15th total of 8,211 shares. Based on an average trading volume of 11,006 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the company’s shares are sold short. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 11,006 shares, the days-to-cover ratio is currently 1.1 days.

SPDR Kensho Future Security ETF Trading Up 2.1%

NYSEARCA FITE traded up $1.87 during trading on Monday, hitting $89.10. The company had a trading volume of 12,763 shares, compared to its average volume of 14,039. The company’s fifty day moving average is $90.01 and its 200-day moving average is $85.60. SPDR Kensho Future Security ETF has a one year low of $53.86 and a one year high of $97.47. The company has a market cap of $109.59 million, a price-to-earnings ratio of 29.07 and a beta of 0.99.

Institutional Trading of SPDR Kensho Future Security ETF

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of SPDR Kensho Future Security ETF in the 3rd quarter valued at approximately $856,000. Hutchens & Kramer Investment Management Group LLC bought a new position in SPDR Kensho Future Security ETF in the fourth quarter worth $481,000. USAdvisors Wealth Management LLC purchased a new position in SPDR Kensho Future Security ETF during the third quarter valued at $318,000. Frederick Financial Consultants LLC boosted its holdings in shares of SPDR Kensho Future Security ETF by 2.3% during the 2nd quarter. Frederick Financial Consultants LLC now owns 155,355 shares of the company’s stock valued at $11,801,000 after buying an additional 3,537 shares in the last quarter. Finally, Focus Partners Wealth grew its position in shares of SPDR Kensho Future Security ETF by 64.7% in the 1st quarter. Focus Partners Wealth now owns 5,949 shares of the company’s stock worth $374,000 after buying an additional 2,338 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.