SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Short Interest Down 81.7% in December

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 192 shares, a decline of 81.7% from the December 15th total of 1,051 shares. Based on an average daily volume of 2,312 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,312 shares, the short-interest ratio is presently 0.1 days.

SPDR FactSet Innovative Technology ETF Trading Down 0.5%

XITK stock traded down $0.95 during mid-day trading on Monday, hitting $183.92. 1,097 shares of the company were exchanged, compared to its average volume of 1,228. The firm has a fifty day simple moving average of $179.08 and a 200 day simple moving average of $184.66. The company has a market capitalization of $77.25 million, a PE ratio of 27.20 and a beta of 1.23. SPDR FactSet Innovative Technology ETF has a twelve month low of $138.01 and a twelve month high of $196.86.

Institutional Investors Weigh In On SPDR FactSet Innovative Technology ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Good Life Advisors LLC acquired a new stake in shares of SPDR FactSet Innovative Technology ETF in the 2nd quarter worth about $212,000. WESPAC Advisors LLC acquired a new stake in SPDR FactSet Innovative Technology ETF in the 2nd quarter valued at about $664,000. Harbor Asset Planning Inc. bought a new stake in SPDR FactSet Innovative Technology ETF during the second quarter worth approximately $36,000. Ameriprise Financial Inc. raised its position in shares of SPDR FactSet Innovative Technology ETF by 188.4% during the third quarter. Ameriprise Financial Inc. now owns 12,124 shares of the company’s stock worth $2,309,000 after purchasing an additional 7,920 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of SPDR FactSet Innovative Technology ETF in the second quarter worth about $142,000.

About SPDR FactSet Innovative Technology ETF

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.