SPDR Kensho Future Security ETF (NYSEARCA:FITE) Sees Large Decrease in Short Interest

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 6,999 shares, a decline of 38.9% from the April 15th total of 11,449 shares. Based on an average daily trading volume, of 12,125 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s stock are sold short.

SPDR Kensho Future Security ETF Trading Down 0.5%

FITE stock traded down $0.52 during trading on Tuesday, reaching $101.85. The stock had a trading volume of 3,510 shares, compared to its average volume of 11,490. The firm has a fifty day moving average price of $92.20 and a 200 day moving average price of $89.57. The company has a market capitalization of $130.37 million, a P/E ratio of 29.07 and a beta of 0.95. SPDR Kensho Future Security ETF has a 1-year low of $68.14 and a 1-year high of $102.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in SPDR Kensho Future Security ETF by 4.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,836 shares of the company’s stock worth $585,000 after purchasing an additional 315 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of SPDR Kensho Future Security ETF by 5.6% in the 2nd quarter. Baird Financial Group Inc. now owns 7,063 shares of the company’s stock worth $537,000 after acquiring an additional 372 shares during the period. Focus Partners Wealth lifted its stake in SPDR Kensho Future Security ETF by 64.7% during the first quarter. Focus Partners Wealth now owns 5,949 shares of the company’s stock valued at $374,000 after purchasing an additional 2,338 shares during the last quarter. Cetera Investment Advisers acquired a new stake in SPDR Kensho Future Security ETF during the fourth quarter valued at approximately $283,000. Finally, Kestra Advisory Services LLC acquired a new stake in SPDR Kensho Future Security ETF during the fourth quarter valued at approximately $79,000.

About SPDR Kensho Future Security ETF

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.