SPDR Kensho Future Security ETF (NYSEARCA:FITE) Short Interest Update

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 6,999 shares, a drop of 38.9% from the April 15th total of 11,449 shares. Based on an average daily trading volume, of 12,125 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the company’s stock are sold short.

SPDR Kensho Future Security ETF Stock Performance

Shares of SPDR Kensho Future Security ETF stock traded down $2.08 during trading hours on Friday, reaching $100.67. The company’s stock had a trading volume of 5,424 shares, compared to its average volume of 11,643. SPDR Kensho Future Security ETF has a one year low of $68.14 and a one year high of $102.84. The company has a market capitalization of $128.86 million, a P/E ratio of 29.07 and a beta of 0.95. The stock’s fifty day simple moving average is $91.96 and its two-hundred day simple moving average is $89.48.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FITE. BNP Paribas Financial Markets bought a new position in shares of SPDR Kensho Future Security ETF in the third quarter valued at $856,000. Cetera Investment Advisers lifted its position in shares of SPDR Kensho Future Security ETF by 206.1% during the first quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock valued at $869,000 after purchasing an additional 6,839 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC bought a new position in shares of SPDR Kensho Future Security ETF during the fourth quarter valued at about $481,000. USAdvisors Wealth Management LLC bought a new position in shares of SPDR Kensho Future Security ETF during the third quarter valued at about $318,000. Finally, Focus Partners Wealth lifted its position in shares of SPDR Kensho Future Security ETF by 64.7% during the first quarter. Focus Partners Wealth now owns 5,949 shares of the company’s stock valued at $374,000 after purchasing an additional 2,338 shares in the last quarter.

SPDR Kensho Future Security ETF Company Profile

The SPDR S&P Kensho Future Security ETF (FITE) is an exchange-traded fund that is based on the S&P Kensho Future Security index. The fund tracks an index of US stocks supporting technological innovations in future military and security applications. FITE was launched on Dec 26, 2017 and is managed by State Street.