Short Interest in SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Decreases By 13.8%

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 193 shares, a drop of 13.8% from the January 15th total of 224 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,509 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,509 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On SPDR FactSet Innovative Technology ETF

A number of institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in SPDR FactSet Innovative Technology ETF in the 2nd quarter valued at $142,000. Good Life Advisors LLC bought a new stake in shares of SPDR FactSet Innovative Technology ETF during the second quarter worth about $212,000. Wells Fargo & Company MN raised its holdings in shares of 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. Osaic Holdings Inc. raised its holdings in shares of SPDR FactSet Innovative Technology ETF by 72.2% in the 4th quarter. Osaic Holdings Inc. now owns 3,725 shares of the company’s stock worth $665,000 after acquiring an additional 1,562 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in SPDR FactSet Innovative Technology ETF by 14.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,204 shares of the company’s stock valued at $796,000 after acquiring an additional 523 shares in the last quarter.

SPDR FactSet Innovative Technology ETF Price Performance

Shares of XITK traded up $2.60 during trading hours on Wednesday, hitting $149.94. The stock had a trading volume of 533 shares, compared to its average volume of 1,943. SPDR FactSet Innovative Technology ETF has a 1-year low of $138.01 and a 1-year high of $196.86. The firm has a market capitalization of $62.97 million, a P/E ratio of 27.20 and a beta of 1.23. The firm has a 50 day simple moving average of $172.42 and a 200-day simple moving average of $180.37.

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.