SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Shares Shorted: Short Interest Up 883.3% in September

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,996 shares, a growth of 883.3% from the August 31st total of 203 shares. Based on an average trading volume of 3,567 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.8% of the company’s stock are sold short.

SPDR Galaxy Transformative Tech Accelerators ETF Stock Down 2.2%

Shares of TEKX traded down $1.49 during trading hours on Thursday, reaching $67.51. The company’s stock had a trading volume of 6,712 shares, compared to its average volume of 3,835. The firm has a market cap of $16.88 million, a price-to-earnings ratio of 26.41 and a beta of 3.10. SPDR Galaxy Transformative Tech Accelerators ETF has a 1-year low of $38.32 and a 1-year high of $77.28. The company has a 50 day moving average of $64.22 and a two-hundred day moving average of $59.75.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in SPDR Galaxy Transformative Tech Accelerators ETF stock. Citadel Advisors LLC boosted its stake in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) by 29.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,479 shares of the company’s stock after buying an additional 3,520 shares during the quarter. Citadel Advisors LLC owned approximately 6.19% of SPDR Galaxy Transformative Tech Accelerators ETF worth $1,086,000 at the end of the most recent quarter.

SPDR Galaxy Transformative Tech Accelerators ETF Company Profile

The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in companies identified as transformative tech accelerators, both internationally and domestically. TEKX was launched on Sep 9, 2024 and is issued by State Street.