Short Interest in SPDR Kensho Future Security ETF (NYSEARCA:FITE) Increases By 181.7%

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 9,114 shares, a growth of 181.7% from the November 30th total of 3,235 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,951 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 6,951 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.8% of the shares of the stock are sold short.

SPDR Kensho Future Security ETF Stock Performance

FITE traded down $0.80 during midday trading on Friday, hitting $86.49. The company had a trading volume of 8,663 shares, compared to its average volume of 8,366. SPDR Kensho Future Security ETF has a twelve month low of $53.86 and a twelve month high of $91.61. The company has a market capitalization of $95.14 million, a PE ratio of 29.07 and a beta of 0.99. The firm’s 50-day simple moving average is $85.29 and its 200-day simple moving average is $81.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wealth Preservation Advisors LLC bought a new stake in shares of SPDR Kensho Future Security ETF during the first quarter worth $53,000. Baird Financial Group Inc. bought a new stake in SPDR Kensho Future Security ETF during the 1st quarter worth about $420,000. Focus Partners Wealth lifted its position in SPDR Kensho Future Security ETF by 64.7% during the 1st 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 during the period. Freedom Investment Management Inc. boosted its stake in shares of SPDR Kensho Future Security ETF by 3.9% in the 2nd quarter. Freedom Investment Management Inc. now owns 6,385 shares of the company’s stock valued at $485,000 after purchasing an additional 239 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of SPDR Kensho Future Security ETF by 20.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 4,661 shares of the company’s stock worth $354,000 after buying an additional 794 shares during the period.

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.