SPDR Kensho Future Security ETF (NYSEARCA:FITE) Short Interest Down 46.6% in May

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 8,987 shares, a drop of 46.6% from the May 14th total of 16,836 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 8,829 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in SPDR Kensho Future Security ETF by 100.3% in the 1st quarter. Bank of America Corp DE now owns 2,854 shares of the company’s stock worth $244,000 after buying an additional 1,429 shares during the period. Cetera Investment Advisers boosted its holdings in SPDR Kensho Future Security ETF by 206.1% in the 1st quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock worth $869,000 after buying an additional 6,839 shares during the period. Phillip James Consulting Co. bought a new position in SPDR Kensho Future Security ETF in the 1st quarter worth approximately $109,000. Kestra Advisory Services LLC bought a new position in SPDR Kensho Future Security ETF in the 4th quarter worth approximately $79,000. Finally, Allworth Financial LP bought a new position in SPDR Kensho Future Security ETF in the 4th quarter worth approximately $58,000.

SPDR Kensho Future Security ETF Stock Down 1.8%

FITE traded down $1.99 on Friday, hitting $108.56. The company’s stock had a trading volume of 7,205 shares, compared to its average volume of 11,355. The company’s 50 day simple moving average is $100.67 and its 200-day simple moving average is $92.95. The firm has a market cap of $138.96 million, a P/E ratio of 29.07 and a beta of 1.01. SPDR Kensho Future Security ETF has a 12 month low of $71.40 and a 12 month high of $118.60.

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.