Short Interest in SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Drops By 63.6%

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 9,220 shares, a decrease of 63.6% from the July 30th total of 25,351 shares. Based on an average daily trading volume, of 67,677 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOMP. Orion Porfolio Solutions LLC raised its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 28.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 45,056 shares of the company’s stock valued at $2,450,000 after purchasing an additional 10,078 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the third quarter valued at approximately $1,868,000. One Capital Management LLC purchased a new position in SPDR S&P Kensho New Economies Composite ETF during the third quarter valued at approximately $359,000. Raymond James Financial Inc. increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 0.9% during the third quarter. Raymond James Financial Inc. now owns 92,632 shares of the company’s stock valued at $5,767,000 after buying an additional 813 shares during the period. Finally, Creative Planning raised its stake in SPDR S&P Kensho New Economies Composite ETF by 2.7% in the third quarter. Creative Planning now owns 8,725 shares of the company’s stock worth $543,000 after buying an additional 231 shares in the last quarter.

SPDR S&P Kensho New Economies Composite ETF Trading Down 2.3%

Shares of KOMP traded down $1.61 during midday trading on Friday, reaching $67.57. 40,385 shares of the stock were exchanged, compared to its average volume of 86,089. The company has a market capitalization of $2.69 billion, a P/E ratio of 20.26 and a beta of 1.33. SPDR S&P Kensho New Economies Composite ETF has a 52 week low of $55.69 and a 52 week high of $75.61. The company’s 50 day moving average is $68.43 and its two-hundred day moving average is $66.29.

SPDR S&P Kensho New Economies Composite ETF Company Profile

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.