SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Short Interest Update

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 12,478 shares, an increase of 97.2% from the May 14th total of 6,329 shares. Currently, 9.6% of the company’s shares are short sold. Based on an average trading volume of 5,523 shares, the days-to-cover ratio is currently 2.3 days.

SPDR Galaxy Transformative Tech Accelerators ETF Stock Performance

Shares of SPDR Galaxy Transformative Tech Accelerators ETF stock traded up $0.80 during midday trading on Friday, reaching $68.28. 3,450 shares of the company’s stock traded hands, compared to its average volume of 3,517. The company has a market cap of $8.88 million, a PE ratio of 26.41 and a beta of 3.15. The stock has a 50 day moving average of $57.27 and a 200-day moving average of $48.14. SPDR Galaxy Transformative Tech Accelerators ETF has a 12 month low of $27.60 and a 12 month high of $71.73.

Hedge Funds Weigh In On 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 bought a new stake in shares of SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,426 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned approximately 19.04% of SPDR Galaxy Transformative Tech Accelerators ETF as of its most recent SEC filing.

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.