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

SPDR S&P Kensho Intelligent Structures ETF (NYSEARCA:SIMS) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 168 shares, an increase of 100.0% from the May 14th total of 84 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 514 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

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

SPDR S&P Kensho Intelligent Structures ETF Price Performance

Shares of NYSEARCA:SIMS remained flat at $46.48 on Tuesday. The stock had a trading volume of 555 shares, compared to its average volume of 747. The stock’s fifty day moving average is $45.59 and its 200-day moving average is $44.42. The stock has a market capitalization of $8.83 million, a P/E ratio of 21.58 and a beta of 1.31. SPDR S&P Kensho Intelligent Structures ETF has a twelve month low of $34.32 and a twelve month high of $48.58.

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.