Short Interest in SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Increases By 132.1%

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 427 shares, an increase of 132.1% from the February 26th total of 184 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 5,235 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On SPDR FactSet Innovative Technology ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of SPDR FactSet Innovative Technology ETF by 84.9% in the 4th quarter. Royal Bank of Canada now owns 14,830 shares of the company’s stock worth $2,646,000 after acquiring an additional 6,810 shares during the period. LPL Financial LLC increased its position in shares of SPDR FactSet Innovative Technology ETF by 5.1% during the fourth quarter. LPL Financial LLC now owns 31,121 shares of the company’s stock valued at $5,553,000 after purchasing an additional 1,516 shares during the period. Ameriprise Financial Inc. increased its position in shares of SPDR FactSet Innovative Technology ETF by 188.4% during the third quarter. Ameriprise Financial Inc. now owns 12,124 shares of the company’s stock valued at $2,309,000 after purchasing an additional 7,920 shares during the period. Osaic Holdings Inc. raised its stake in shares of SPDR FactSet Innovative Technology ETF by 72.2% in the fourth quarter. Osaic Holdings Inc. now owns 3,725 shares of the company’s stock valued at $665,000 after purchasing an additional 1,562 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of SPDR FactSet Innovative Technology ETF by 2,153.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,141 shares of the company’s stock valued at $382,000 after purchasing an additional 2,046 shares in the last quarter.

SPDR FactSet Innovative Technology ETF Price Performance

NYSEARCA XITK opened at $144.22 on Friday. The firm has a market capitalization of $60.57 million, a price-to-earnings ratio of 27.20 and a beta of 1.23. The company’s fifty day moving average is $156.44 and its two-hundred day moving average is $174.28. SPDR FactSet Innovative Technology ETF has a 52-week low of $138.01 and a 52-week high of $196.86.

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.