Short Interest in SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Decreases By 31.9%

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 184 shares, a drop of 31.9% from the February 12th total of 270 shares. Based on an average trading volume of 1,338 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,338 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XITK. Harbour Wealth Management Group Inc. purchased a new stake in shares of SPDR FactSet Innovative Technology ETF in the fourth quarter worth $3,503,000. Osaic Holdings Inc. grew its position in SPDR FactSet Innovative Technology ETF by 72.2% during the fourth quarter. Osaic Holdings Inc. now owns 3,725 shares of the company’s stock worth $665,000 after buying an additional 1,562 shares in the last quarter. Royal Bank of Canada increased its stake in SPDR FactSet Innovative Technology ETF by 84.9% in the 4th quarter. Royal Bank of Canada now owns 14,830 shares of the company’s stock worth $2,646,000 after acquiring an additional 6,810 shares during the last quarter. Wells Fargo & Company MN increased its stake in SPDR FactSet Innovative Technology ETF by 2,153.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,141 shares of the company’s stock worth $382,000 after acquiring an additional 2,046 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of SPDR FactSet Innovative Technology ETF by 5.1% in the 4th quarter. LPL Financial LLC now owns 31,121 shares of the company’s stock valued at $5,553,000 after acquiring an additional 1,516 shares in the last quarter.

SPDR FactSet Innovative Technology ETF Stock Down 0.1%

NYSEARCA:XITK traded down $0.16 during mid-day trading on Friday, hitting $150.92. 13,068 shares of the stock traded hands, compared to its average volume of 2,528. The business’s 50-day moving average price is $162.50 and its 200 day moving average price is $176.68. The company has a market cap of $63.39 million, a PE ratio of 27.20 and a beta of 1.23. SPDR FactSet Innovative Technology ETF has a 12-month low of $138.01 and a 12-month high of $196.86.

About SPDR FactSet Innovative Technology ETF

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.