SPDR Kensho Future Security ETF (NYSEARCA:FITE) Short Interest Down 49.4% in June

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 4,548 shares, a drop of 49.4% from the May 31st total of 8,987 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,213 shares, the days-to-cover ratio is currently 0.4 days.

SPDR Kensho Future Security ETF Stock Down 0.5%

NYSEARCA:FITE traded down $0.55 during midday trading on Thursday, hitting $112.69. The company had a trading volume of 8,792 shares, compared to its average volume of 11,090. The company has a market capitalization of $151.00 million, a PE ratio of 29.07 and a beta of 1.02. SPDR Kensho Future Security ETF has a 52-week low of $74.45 and a 52-week high of $118.60. The stock’s fifty day moving average price is $104.79 and its 200-day moving average price is $95.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FITE. UBS Group AG lifted its position in shares of SPDR Kensho Future Security ETF by 3.4% in the 3rd quarter. UBS Group AG now owns 24,434 shares of the company’s stock worth $2,091,000 after purchasing an additional 800 shares during the period. Cetera Investment Advisers raised its stake in SPDR Kensho Future Security ETF by 206.1% in the first quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock worth $869,000 after buying an additional 6,839 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in SPDR Kensho Future Security ETF in the third quarter worth about $856,000. Raymond James Financial Inc. lifted its holdings in SPDR Kensho Future Security ETF by 22.9% in the third quarter. Raymond James Financial Inc. now owns 9,481 shares of the company’s stock worth $811,000 after buying an additional 1,769 shares during the period. Finally, Baird Financial Group Inc. boosted its position in SPDR Kensho Future Security ETF by 5.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,063 shares of the company’s stock valued at $537,000 after acquiring an additional 372 shares in the last quarter.

About SPDR Kensho Future Security ETF

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.