SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,084 shares, an increase of 553.4% from the August 31st total of 625 shares. Based on an average trading volume of 2,460 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.2% of the company’s shares are sold short.
Institutional Investors Weigh In On SPDR FactSet Innovative Technology ETF
Several large investors have recently added to or reduced their stakes in the stock. Harbour Wealth Management Group Inc. purchased a new position in shares of SPDR FactSet Innovative Technology ETF during the fourth quarter worth approximately $3,503,000. Northwestern Mutual Wealth Management Co. grew its stake in SPDR FactSet Innovative Technology ETF by 15,685.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,840 shares of the company’s stock worth $1,577,000 after purchasing an additional 8,784 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in SPDR FactSet Innovative Technology ETF during the 2nd quarter worth $485,000.
SPDR FactSet Innovative Technology ETF Stock Up 0.1%
XITK stock opened at $200.53 on Friday. SPDR FactSet Innovative Technology ETF has a twelve month low of $141.05 and a twelve month high of $211.23. The firm has a market cap of $70.19 million, a price-to-earnings ratio of 27.20 and a beta of 1.32. The business’s fifty day simple moving average is $195.11 and its two-hundred day simple moving average is $183.24.
About SPDR FactSet Innovative Technology ETF
The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.
See Also
- Five stocks we like better than SPDR FactSet Innovative Technology ETF
- 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand
- SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement
- These 3 Overlooked Stocks Have Big Money Behind Them
- Darden Restaurants Serves Up Fresh Catalysts for a Stock Price Rally
Receive News & Ratings for SPDR FactSet Innovative Technology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR FactSet Innovative Technology ETF and related companies with MarketBeat.com's FREE daily email newsletter.
