Short Interest in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Drops By 87.4%

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 203 shares, a drop of 87.4% from the August 15th total of 1,613 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,135 shares, the days-to-cover ratio is currently 0.0 days.

SPDR Galaxy Transformative Tech Accelerators ETF Trading Up 2.3%

Shares of TEKX stock opened at $64.04 on Friday. The company’s 50-day moving average price is $64.32 and its 200-day moving average price is $58.35. The stock has a market cap of $16.01 million, a price-to-earnings ratio of 26.41 and a beta of 3.10. SPDR Galaxy Transformative Tech Accelerators ETF has a twelve month low of $37.49 and a twelve month high of $77.28.

Hedge Funds Weigh In On SPDR Galaxy Transformative Tech Accelerators ETF

A number of hedge funds have recently made changes to their positions in TEKX. Citadel Advisors LLC boosted its holdings in SPDR Galaxy Transformative Tech Accelerators ETF by 29.4% during the 2nd quarter. Citadel Advisors LLC now owns 15,479 shares of the company’s stock valued at $1,086,000 after acquiring an additional 3,520 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of SPDR Galaxy Transformative Tech Accelerators ETF during the second quarter worth about $2,170,000. Finally, Jane Street Group LLC purchased a new position in shares of SPDR Galaxy Transformative Tech Accelerators ETF in the first quarter valued at approximately $249,000.

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.