SPDR S&P Insurance ETF (NYSEARCA:KIE) Short Interest Update

SPDR S&P Insurance ETF (NYSEARCA:KIE) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 4,547,256 shares, an increase of 28.4% from the February 26th total of 3,542,080 shares. Approximately 54.1% of the shares of the company are short sold. Based on an average daily volume of 2,492,706 shares, the short-interest ratio is presently 1.8 days.

SPDR S&P Insurance ETF Trading Up 0.3%

Shares of NYSEARCA KIE traded up $0.19 during midday trading on Tuesday, reaching $54.60. The company had a trading volume of 461,969 shares, compared to its average volume of 1,705,584. SPDR S&P Insurance ETF has a 1 year low of $52.37 and a 1 year high of $61.26. The business’s 50-day simple moving average is $57.07 and its 200 day simple moving average is $58.30. The stock has a market cap of $458.64 million, a P/E ratio of 14.40 and a beta of 0.74.

Hedge Funds Weigh In On SPDR S&P Insurance ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KIE. Rockefeller Capital Management L.P. lifted its position in SPDR S&P Insurance ETF by 12.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,128 shares of the exchange traded fund’s stock worth $609,000 after acquiring an additional 1,098 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of SPDR S&P Insurance ETF in the fourth quarter valued at about $392,000. Millennium Management LLC acquired a new position in shares of SPDR S&P Insurance ETF in the fourth quarter valued at about $15,137,000. Cetera Investment Advisers raised its stake in shares of SPDR S&P Insurance ETF by 3.7% in the fourth quarter. Cetera Investment Advisers now owns 16,796 shares of the exchange traded fund’s stock worth $1,010,000 after purchasing an additional 600 shares during the last quarter. Finally, Jain Global LLC purchased a new position in shares of SPDR S&P Insurance ETF in the fourth quarter worth about $8,368,000.

SPDR S&P Insurance ETF Company Profile

The SPDR S&P Insurance ETF (the Fund), formerly SPDR KBW Insurance ETF, seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The Fund invests all, but at least 80%, of its total assets in the securities comprising the Index. The Fund invests in all of the securities represented in the Index in approximately the same proportions as the Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.