SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Short Interest Down 63.6% in August

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 9,220 shares, a drop of 63.6% from the July 30th total of 25,351 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 67,677 shares, the days-to-cover ratio is currently 0.1 days.

SPDR S&P Kensho New Economies Composite ETF Price Performance

SPDR S&P Kensho New Economies Composite ETF stock traded down $1.61 during midday trading on Friday, hitting $67.57. 40,385 shares of the company were exchanged, compared to its average volume of 86,089. The company has a market cap of $2.69 billion, a PE ratio of 20.26 and a beta of 1.33. SPDR S&P Kensho New Economies Composite ETF has a fifty-two week low of $55.69 and a fifty-two week high of $75.61. The company’s fifty day moving average price is $68.50 and its 200-day moving average price is $66.28.

Institutional Trading of SPDR S&P Kensho New Economies Composite ETF

Hedge funds have recently made changes to their positions in the company. Orion Porfolio Solutions LLC boosted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 28.8% in the second quarter. Orion Porfolio Solutions LLC now owns 45,056 shares of the company’s stock valued at $2,450,000 after purchasing an additional 10,078 shares during the period. BNP Paribas Financial Markets purchased a new stake in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth $1,868,000. One Capital Management LLC purchased a new stake in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth $359,000. Raymond James Financial Inc. lifted its holdings in SPDR S&P Kensho New Economies Composite ETF by 0.9% in the 3rd quarter. Raymond James Financial Inc. now owns 92,632 shares of the company’s stock worth $5,767,000 after buying an additional 813 shares in the last quarter. Finally, Creative Planning lifted its holdings in SPDR S&P Kensho New Economies Composite ETF by 2.7% in the 3rd quarter. Creative Planning now owns 8,725 shares of the company’s stock worth $543,000 after buying an additional 231 shares in the last quarter.

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.