SPDR Kensho Future Security ETF (NYSEARCA:FITE) Shares Shorted: Short Interest Down 80.2% in October

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 1,416 shares, a drop of 80.2% from the September 30th total of 7,156 shares. Based on an average trading volume of 5,557 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On SPDR Kensho Future Security ETF

A number of hedge funds have recently added to or reduced their stakes in FITE. Toth Financial Advisory Corp bought a new position in shares of SPDR Kensho Future Security ETF during the 3rd quarter worth approximately $45,000. Integrated Wealth Concepts LLC acquired a new position in shares of SPDR Kensho Future Security ETF during the 2nd quarter valued at $52,000. Phillip James Consulting Co. acquired a new position in shares of SPDR Kensho Future Security ETF during the 1st quarter valued at $109,000. Bank of America Corp DE increased its stake in SPDR Kensho Future Security ETF by 100.3% in the first quarter. Bank of America Corp DE now owns 2,854 shares of the company’s stock valued at $244,000 after purchasing an additional 1,429 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in SPDR Kensho Future Security ETF by 206.1% in the first quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock valued at $869,000 after purchasing an additional 6,839 shares in the last quarter.

SPDR Kensho Future Security ETF Price Performance

Shares of NYSEARCA:FITE opened at $112.64 on Tuesday. The company has a market capitalization of $157.70 million, a price-to-earnings ratio of 29.07 and a beta of 1.03. The business’s 50-day moving average is $110.38 and its 200-day moving average is $101.99. SPDR Kensho Future Security ETF has a 1 year low of $77.72 and a 1 year high of $120.45.

SPDR Kensho Future Security ETF Company Profile

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.