SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Short Interest Up 39.9% in February

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 270 shares, an increase of 39.9% from the January 29th total of 193 shares. Based on an average daily volume of 3,363 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,363 shares, the days-to-cover ratio is presently 0.1 days.

SPDR FactSet Innovative Technology ETF Stock Down 0.6%

XITK stock opened at $151.48 on Monday. The stock has a 50-day simple moving average of $167.58 and a two-hundred day simple moving average of $178.55. SPDR FactSet Innovative Technology ETF has a twelve month low of $138.01 and a twelve month high of $196.86. The firm has a market capitalization of $63.62 million, a PE ratio of 27.20 and a beta of 1.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of XITK. Harbour Wealth Management Group Inc. bought a new stake in shares of SPDR FactSet Innovative Technology ETF in the 4th quarter worth approximately $3,503,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SPDR FactSet Innovative Technology ETF by 15,685.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,840 shares of the company’s stock worth $1,577,000 after buying an additional 8,784 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of SPDR FactSet Innovative Technology ETF by 188.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,124 shares of the company’s stock valued at $2,309,000 after acquiring an additional 7,920 shares during the last quarter. Royal Bank of Canada boosted its holdings in SPDR FactSet Innovative Technology ETF by 84.9% during the 4th quarter. Royal Bank of Canada now owns 14,830 shares of the company’s stock valued at $2,646,000 after acquiring an additional 6,810 shares during the period. Finally, Wells Fargo & Company MN increased its stake in 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 purchasing an additional 2,046 shares during the period.

SPDR FactSet Innovative Technology ETF Company Profile

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.