SPDR Kensho Future Security ETF (NYSEARCA:FITE – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 4,548 shares, a decline of 49.4% from the May 31st total of 8,987 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 12,213 shares, the days-to-cover ratio is presently 0.4 days.
SPDR Kensho Future Security ETF Stock Performance
Shares of NYSEARCA FITE traded up $0.87 during mid-day trading on Wednesday, hitting $113.24. The stock had a trading volume of 5,473 shares, compared to its average volume of 11,109. The firm has a market cap of $144.95 million, a PE ratio of 29.07 and a beta of 1.01. The company has a 50 day moving average of $104.79 and a two-hundred day moving average of $95.15. SPDR Kensho Future Security ETF has a twelve month low of $74.45 and a twelve month high of $118.60.
Institutional Investors Weigh In On SPDR Kensho Future Security ETF
A number of institutional investors and hedge funds have recently modified their holdings of FITE. Geneos Wealth Management Inc. purchased a new position in SPDR Kensho Future Security ETF in the fourth quarter valued at $26,000. Allworth Financial LP purchased a new position in SPDR Kensho Future Security ETF in the 4th quarter valued at about $58,000. CWM LLC acquired a new stake in SPDR Kensho Future Security ETF in the 4th quarter worth about $76,000. Kestra Advisory Services LLC purchased a new stake in SPDR Kensho Future Security ETF during the 4th quarter worth approximately $79,000. Finally, Phillip James Consulting Co. acquired a new position in shares of SPDR Kensho Future Security ETF during the first quarter valued at approximately $109,000.
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.
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