SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Sees Large Decrease in Short Interest

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,789 shares, a decrease of 56.2% from the September 15th total of 4,084 shares. Based on an average daily volume of 1,344 shares, the short-interest ratio is currently 1.3 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR FactSet Innovative Technology ETF

Several institutional investors and hedge funds have recently modified their holdings of XITK. Harbour Wealth Management Group Inc. acquired a new position in SPDR FactSet Innovative Technology ETF during the 4th quarter worth approximately $3,503,000. Avior Wealth Management LLC purchased a new position in SPDR FactSet Innovative Technology ETF in the 3rd quarter worth approximately $1,182,000. Kwmg LLC acquired a new stake in SPDR FactSet Innovative Technology ETF in the third quarter valued at approximately $872,000. Kaizen Financial Strategies grew its position in SPDR FactSet Innovative Technology ETF by 4.5% in the third quarter. Kaizen Financial Strategies now owns 3,464 shares of the company’s stock valued at $690,000 after acquiring an additional 150 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in SPDR FactSet Innovative Technology ETF in the second quarter valued at approximately $485,000.

SPDR FactSet Innovative Technology ETF Price Performance

NYSEARCA XITK traded down $0.57 during trading hours on Tuesday, hitting $200.16. The company had a trading volume of 1,851 shares, compared to its average volume of 2,046. SPDR FactSet Innovative Technology ETF has a fifty-two week low of $141.05 and a fifty-two week high of $211.23. The company has a market capitalization of $68.05 million, a price-to-earnings ratio of 27.20 and a beta of 1.33. The firm’s 50 day moving average is $199.91 and its 200 day moving average is $187.28.

SPDR FactSet Innovative Technology ETF Company Profile

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.