SPDR Kensho Future Security ETF (NYSEARCA:FITE) Short Interest Down 30.0% in December

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 6,384 shares, a decrease of 30.0% from the December 15th total of 9,114 shares. Based on an average trading volume of 6,580 shares, the short-interest ratio is presently 1.0 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 6,580 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On SPDR Kensho Future Security ETF

Several hedge funds have recently added to or reduced their stakes in FITE. BNP Paribas Financial Markets acquired a new position in shares of SPDR Kensho Future Security ETF during the 3rd quarter valued at $856,000. Hutchens & Kramer Investment Management Group LLC acquired a new stake in SPDR Kensho Future Security ETF in the fourth quarter valued at approximately $481,000. USAdvisors Wealth Management LLC purchased a new stake in SPDR Kensho Future Security ETF in the 3rd quarter valued at about $318,000. Frederick Financial Consultants LLC lifted its position in shares of SPDR Kensho Future Security ETF by 2.3% during the 2nd quarter. Frederick Financial Consultants LLC now owns 155,355 shares of the company’s stock worth $11,801,000 after buying an additional 3,537 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of SPDR Kensho Future Security ETF by 64.7% in the 1st quarter. Focus Partners Wealth now owns 5,949 shares of the company’s stock worth $374,000 after buying an additional 2,338 shares during the last quarter.

SPDR Kensho Future Security ETF Price Performance

FITE stock traded up $0.30 during midday trading on Friday, reaching $96.85. 13,772 shares of the stock were exchanged, compared to its average volume of 19,288. The stock has a market capitalization of $113.31 million, a PE ratio of 29.07 and a beta of 0.99. SPDR Kensho Future Security ETF has a 52 week low of $53.86 and a 52 week high of $97.47. The company has a fifty day moving average price of $86.24 and a 200 day moving average price of $83.41.

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.