SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Short Interest Down 70.1% in June

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 9,579 shares, a decrease of 70.1% from the June 15th total of 32,042 shares. Based on an average daily volume of 66,650 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

SPDR S&P Kensho New Economies Composite ETF Price Performance

Shares of NYSEARCA:KOMP traded up $0.68 during trading on Tuesday, hitting $67.78. The company’s stock had a trading volume of 68,820 shares, compared to its average volume of 90,039. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 20.26 and a beta of 1.32. The company has a 50-day moving average of $69.97 and a 200-day moving average of $65.22. SPDR S&P Kensho New Economies Composite ETF has a 12 month low of $54.05 and a 12 month high of $75.61.

Hedge Funds Weigh In On SPDR S&P Kensho New Economies Composite ETF

A number of institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new position in SPDR S&P Kensho New Economies Composite ETF during the fourth quarter valued at approximately $38,000. Harbour Investments Inc. increased its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 507.2% in the fourth quarter. Harbour Investments Inc. now owns 674 shares of the company’s stock worth $40,000 after purchasing an additional 563 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter valued at $48,000. Parallel Advisors LLC raised its position in shares of SPDR S&P Kensho New Economies Composite ETF by 3,987.0% during the 1st quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock valued at $55,000 after purchasing an additional 917 shares during the period. Finally, Arax Advisory Partners purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter valued at $64,000.

SPDR S&P Kensho New Economies Composite ETF Company Profile

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.