Short Interest in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Drops By 94.7%

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 158 shares, a decline of 94.7% from the June 30th total of 2,988 shares. Based on an average daily volume of 4,271 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of SPDR Galaxy Transformative Tech Accelerators ETF

An institutional investor recently bought a new position in SPDR Galaxy Transformative Tech Accelerators ETF stock. Jane Street Group LLC purchased a new stake in shares of SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,426 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned about 19.04% of SPDR Galaxy Transformative Tech Accelerators ETF at the end of the most recent reporting period.

SPDR Galaxy Transformative Tech Accelerators ETF Price Performance

TEKX stock traded down $2.73 during midday trading on Friday, reaching $65.76. The company had a trading volume of 3,322 shares, compared to its average volume of 3,754. The firm has a 50-day moving average price of $67.15 and a 200-day moving average price of $53.71. The company has a market capitalization of $18.41 million, a P/E ratio of 26.41 and a beta of 3.11. SPDR Galaxy Transformative Tech Accelerators ETF has a 1 year low of $31.30 and a 1 year high of $77.28.

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.