SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Sees Large Drop in Short Interest

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 2,472 shares, a drop of 23.3% from the December 31st total of 3,225 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average daily volume of 1,603 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 1,603 shares, the short-interest ratio is currently 1.5 days. Approximately 3.1% of the company’s shares are short sold.

Hedge Funds Weigh In On SPDR Galaxy Transformative Tech Accelerators ETF

A hedge fund recently bought a new stake in SPDR Galaxy Transformative Tech Accelerators ETF stock. Jane Street Group LLC acquired a new position in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,426 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned approximately 19.04% of SPDR Galaxy Transformative Tech Accelerators ETF at the end of the most recent quarter.

SPDR Galaxy Transformative Tech Accelerators ETF Stock Down 3.5%

Shares of TEKX traded down $1.60 during mid-day trading on Friday, reaching $44.28. 1,877 shares of the company’s stock were exchanged, compared to its average volume of 3,049. The company has a market cap of $3.54 million, a price-to-earnings ratio of 26.41 and a beta of 2.97. SPDR Galaxy Transformative Tech Accelerators ETF has a 52-week low of $19.02 and a 52-week high of $46.72. The company has a 50-day simple moving average of $42.78 and a two-hundred day simple moving average of $39.67.

SPDR Galaxy Transformative Tech Accelerators ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were paid a $0.1411 dividend. This represents a dividend yield of 35.0%. The ex-dividend date of this dividend was Monday, December 29th.

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.