SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Short Interest Up 558.9% in July

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,041 shares, an increase of 558.9% from the July 15th total of 158 shares. Based on an average trading volume of 4,039 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are sold short.

SPDR Galaxy Transformative Tech Accelerators ETF Price Performance

Shares of TEKX traded up $1.56 during midday trading on Wednesday, hitting $65.39. The stock had a trading volume of 1,804 shares, compared to its average volume of 3,793. The firm has a market cap of $16.35 million, a price-to-earnings ratio of 26.41 and a beta of 3.16. SPDR Galaxy Transformative Tech Accelerators ETF has a twelve month low of $31.92 and a twelve month high of $77.28. The company has a 50 day simple moving average of $66.98 and a two-hundred day simple moving average of $55.44.

Hedge Funds Weigh In On SPDR Galaxy Transformative Tech Accelerators ETF

A hedge fund recently bought a new position in SPDR Galaxy Transformative Tech Accelerators ETF stock. Jane Street Group LLC bought a new stake in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,426 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned about 19.04% of SPDR Galaxy Transformative Tech Accelerators ETF at the end of the most recent quarter.

SPDR Galaxy Transformative Tech Accelerators ETF Company Profile

The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in companies identified as transformative tech accelerators, both internationally and domestically. TEKX was launched on Sep 9, 2024 and is issued by State Street.