SPDR S&P Kensho Intelligent Structures ETF (NYSEARCA:SIMS) Sees Large Increase in Short Interest

SPDR S&P Kensho Intelligent Structures ETF (NYSEARCA:SIMS) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 769 shares, a growth of 102.4% from the February 26th total of 380 shares. Based on an average daily volume of 709 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On SPDR S&P Kensho Intelligent Structures ETF

A hedge fund recently bought a new stake in SPDR S&P Kensho Intelligent Structures ETF stock. Susquehanna International Group LLP purchased a new stake in shares of SPDR S&P Kensho Intelligent Structures ETF (NYSEARCA:SIMS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,169 shares of the company’s stock, valued at approximately $219,000. Susquehanna International Group LLP owned 2.58% of SPDR S&P Kensho Intelligent Structures ETF as of its most recent SEC filing.

SPDR S&P Kensho Intelligent Structures ETF Stock Performance

NYSEARCA:SIMS traded down $0.50 on Friday, hitting $41.37. The stock had a trading volume of 128 shares, compared to its average volume of 784. The stock has a market cap of $7.86 million, a P/E ratio of 21.58 and a beta of 1.36. SPDR S&P Kensho Intelligent Structures ETF has a 1 year low of $26.41 and a 1 year high of $48.58. The firm’s fifty day simple moving average is $44.19 and its two-hundred day simple moving average is $43.85.

About SPDR S&P Kensho Intelligent Structures ETF

The SPDR S&P Kensho Intelligent Structures ETF (SIMS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of US-listed companies that focuses on innovative infrastructure. SIMS was launched on Dec 26, 2017 and is managed by State Street.