Short Interest in SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) Drops By 38.5%

SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 9,827 shares, a drop of 38.5% from the April 15th total of 15,990 shares. Based on an average daily volume of 62,767 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.7% of the company’s shares are sold short.

SPDR S&P Kensho Final Frontiers ETF Stock Down 3.5%

SPDR S&P Kensho Final Frontiers ETF stock traded down $4.22 during mid-day trading on Friday, hitting $117.57. 34,137 shares of the stock were exchanged, compared to its average volume of 27,100. SPDR S&P Kensho Final Frontiers ETF has a 12 month low of $56.61 and a 12 month high of $121.97. The firm’s fifty day simple moving average is $107.91 and its two-hundred day simple moving average is $96.07. The stock has a market capitalization of $163.42 million, a price-to-earnings ratio of 26.20 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ROKT. Client First Investment Management LLC bought a new position in SPDR S&P Kensho Final Frontiers ETF during the 4th quarter worth approximately $1,084,000. Liberty One Investment Management LLC bought a new position in SPDR S&P Kensho Final Frontiers ETF during the 1st quarter worth approximately $1,211,000. Virtus Family Office LLC bought a new position in SPDR S&P Kensho Final Frontiers ETF during the 4th quarter worth approximately $324,000. WealthBridge Capital Management LLC raised its holdings in SPDR S&P Kensho Final Frontiers ETF by 24.6% during the 3rd quarter. WealthBridge Capital Management LLC now owns 14,221 shares of the company’s stock worth $1,084,000 after purchasing an additional 2,812 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in SPDR S&P Kensho Final Frontiers ETF during the 4th quarter worth approximately $221,000.

SPDR S&P Kensho Final Frontiers ETF Company Profile

The SPDR Kensho Final Frontiers ETF (ROKT) is an exchange-traded fund that is based on the S&P Kensho Final Frontiers index. The fund tracks a tier-weighted index of US equities associated with space and deep sea exploration. ROKT was launched on Oct 22, 2018 and is managed by State Street.