SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Short Interest Down 70.1% in June

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 9,579 shares, a decline of 70.1% from the June 15th total of 32,042 shares. Based on an average trading volume of 66,650 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter valued at about $38,000. Harbour Investments Inc. boosted its position in shares of SPDR S&P Kensho New Economies Composite ETF by 507.2% in the fourth quarter. Harbour Investments Inc. now owns 674 shares of the company’s stock worth $40,000 after acquiring an additional 563 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the fourth quarter worth approximately $48,000. Parallel Advisors LLC boosted its position in shares of SPDR S&P Kensho New Economies Composite ETF by 3,987.0% in the first quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock worth $55,000 after acquiring an additional 917 shares during the last quarter. Finally, Arax Advisory Partners purchased a new stake in SPDR S&P Kensho New Economies Composite ETF in the fourth quarter valued at approximately $64,000.

SPDR S&P Kensho New Economies Composite ETF Trading Down 0.9%

Shares of NYSEARCA:KOMP traded down $0.63 on Friday, hitting $68.43. The company had a trading volume of 40,821 shares, compared to its average volume of 90,226. SPDR S&P Kensho New Economies Composite ETF has a 52-week low of $54.05 and a 52-week high of $75.61. The business has a 50 day moving average of $69.95 and a 200 day moving average of $65.18. The company has a market cap of $2.70 billion, a PE ratio of 20.26 and a beta of 1.32.

About SPDR S&P Kensho New Economies Composite ETF

The SPDR S&P Kensho New Economies Composite ETF (KOMP) is an exchange-traded fund that is based on the S&P Kensho New Economies Composite index. The fund tracks a tier-weighted index of US-listed companies with products or services that disrupt traditional industries. KOMP was launched on Oct 22, 2018 and is managed by State Street.