Short Interest in SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Declines By 63.6%

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 9,220 shares, a drop of 63.6% from the July 30th total of 25,351 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 67,677 shares, the days-to-cover ratio is currently 0.1 days.

SPDR S&P Kensho New Economies Composite ETF Stock Down 2.3%

Shares of NYSEARCA KOMP traded down $1.61 during trading on Friday, hitting $67.57. 40,385 shares of the company traded hands, compared to its average volume of 86,089. The firm has a market capitalization of $2.69 billion, a P/E ratio of 20.26 and a beta of 1.33. The company has a 50-day moving average price of $68.50 and a 200-day moving average price of $66.28. SPDR S&P Kensho New Economies Composite ETF has a 1 year low of $55.69 and a 1 year high of $75.61.

Institutional Trading of SPDR S&P Kensho New Economies Composite ETF

A number of institutional investors and hedge funds have recently bought and sold shares of KOMP. Creative Planning raised its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 2.7% in the 3rd quarter. Creative Planning now owns 8,725 shares of the company’s stock valued at $543,000 after acquiring an additional 231 shares during the period. MGO One Seven LLC boosted its position in SPDR S&P Kensho New Economies Composite ETF by 0.5% during the 4th quarter. MGO One Seven LLC now owns 69,983 shares of the company’s stock worth $4,180,000 after purchasing an additional 318 shares during the period. Brookstone Capital Management increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 4.4% in the 1st quarter. Brookstone Capital Management now owns 9,345 shares of the company’s stock valued at $546,000 after purchasing an additional 395 shares in the last quarter. Penobscot Wealth Management increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 1.5% in the 4th quarter. Penobscot Wealth Management now owns 26,600 shares of the company’s stock valued at $1,589,000 after purchasing an additional 397 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in SPDR S&P Kensho New Economies Composite ETF by 507.2% in the fourth quarter. Harbour Investments Inc. now owns 674 shares of the company’s stock valued at $40,000 after purchasing an additional 563 shares during the period.

About SPDR S&P Kensho New Economies Composite ETF

The SPDR S&P Kensho New Economies Composite ETF (KOMP) is an exchange-traded fund that is based on the S&P Kensho New Economies Composite index. The fund tracks a tier-weighted index of US-listed companies with products or services that disrupt traditional industries. KOMP was launched on Oct 22, 2018 and is managed by State Street.