Short Interest in SPDR Kensho Future Security ETF (NYSEARCA:FITE) Declines By 40.1%

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 7,405 shares, a decrease of 40.1% from the January 29th total of 12,356 shares. Based on an average daily volume of 11,386 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 11,386 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC boosted its position in shares of SPDR Kensho Future Security ETF by 20.5% in the 2nd quarter. Wealthfront Advisers LLC now owns 4,661 shares of the company’s stock worth $354,000 after purchasing an additional 794 shares during the last quarter. Frederick Financial Consultants LLC grew its position in shares of SPDR Kensho Future Security ETF by 2.3% during the 2nd quarter. Frederick Financial Consultants LLC now owns 155,355 shares of the company’s stock worth $11,801,000 after buying an additional 3,537 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of SPDR Kensho Future Security ETF in the 4th quarter valued at about $79,000. Allworth Financial LP bought a new position in SPDR Kensho Future Security ETF during the 4th quarter worth approximately $58,000. Finally, CWM LLC bought a new position in SPDR Kensho Future Security ETF during the 4th quarter worth approximately $76,000.

SPDR Kensho Future Security ETF Price Performance

SPDR Kensho Future Security ETF stock opened at $88.43 on Friday. SPDR Kensho Future Security ETF has a fifty-two week low of $53.86 and a fifty-two week high of $97.47. The firm has a fifty day moving average price of $90.78 and a two-hundred day moving average price of $86.34. The firm has a market cap of $108.77 million, a price-to-earnings ratio of 29.07 and a beta of 0.99.

About SPDR Kensho Future Security ETF

The SPDR S&P Kensho Future Security ETF (FITE) is an exchange-traded fund that is based on the S&P Kensho Future Security index. The fund tracks an index of US stocks supporting technological innovations in future military and security applications. FITE was launched on Dec 26, 2017 and is managed by State Street.