SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Large Decrease in Short Interest

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 14,424 shares, a decline of 75.6% from the September 30th total of 59,207 shares. Based on an average daily volume of 58,787 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

SPDR S&P Kensho New Economies Composite ETF Trading Down 0.1%

NYSEARCA:KOMP traded down $0.09 during trading hours on Thursday, reaching $64.59. 43,334 shares of the company were exchanged, compared to its average volume of 80,700. The firm has a market cap of $2.56 billion, a PE ratio of 20.26 and a beta of 1.34. SPDR S&P Kensho New Economies Composite ETF has a twelve month low of $55.69 and a twelve month high of $75.61. The stock’s 50-day moving average is $66.21 and its 200-day moving average is $66.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KOMP. Midland Wealth Advisors LLC acquired a new position in SPDR S&P Kensho New Economies Composite ETF in the third quarter valued at approximately $75,607,000. Baird Financial Group Inc. grew its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 0.9% in the second quarter. Baird Financial Group Inc. now owns 230,181 shares of the company’s stock valued at $16,458,000 after purchasing an additional 2,101 shares in the last quarter. Financial Guidance Group Inc. grew its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 1.2% in the first quarter. Financial Guidance Group Inc. now owns 100,466 shares of the company’s stock worth $5,875,000 after acquiring an additional 1,189 shares in the last quarter. Bank of America Corp DE increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 2.7% during the 1st quarter. Bank of America Corp DE now owns 92,875 shares of the company’s stock worth $5,431,000 after purchasing an additional 2,440 shares during the period. Finally, MGO One Seven LLC acquired a new stake in SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter valued at about $4,727,000.

About SPDR S&P Kensho New Economies Composite ETF

The SPDR S&P Kensho New Economies Composite ETF (KOMP) is an exchange-traded fund that is based on the S&P Kensho New Economies Composite index. The fund tracks a tier-weighted index of US-listed companies with products or services that disrupt traditional industries. KOMP was launched on Oct 22, 2018 and is managed by State Street.