Short Interest in SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) Declines By 94.7%

SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 2,068 shares, a decline of 94.7% from the July 15th total of 39,312 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 750 shares, the days-to-cover ratio is presently 2.8 days.

SPDR S&P Kensho Smart Mobility ETF Price Performance

Shares of NYSEARCA:HAIL traded up $0.51 during trading on Wednesday, hitting $38.80. The company’s stock had a trading volume of 397 shares, compared to its average volume of 2,890. The company has a 50-day moving average of $38.37 and a 200-day moving average of $36.90. SPDR S&P Kensho Smart Mobility ETF has a 12 month low of $30.60 and a 12 month high of $44.80. The firm has a market cap of $20.18 million, a price-to-earnings ratio of 13.73 and a beta of 1.53.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in SPDR S&P Kensho Smart Mobility ETF stock. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,510 shares of the company’s stock, valued at approximately $516,000. U.S. Capital Wealth Advisors LLC owned 2.63% of SPDR S&P Kensho Smart Mobility ETF at the end of the most recent reporting period.

About SPDR S&P Kensho Smart Mobility ETF

The SPDR S&P Kensho Smart Mobility ETF (HAIL) is an exchange-traded fund that is based on the S&P Kensho Smart Transportation index. The fund tracks an index of US-listed companies that focuses on autonomous vehicle technology, drone technology, and advanced transportation tracking and transport optimization systems. HAIL was launched on Dec 26, 2017 and is managed by State Street.