SPDR Kensho Future Security ETF (NYSEARCA:FITE) Sees Significant Decline in Short Interest

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,987 shares, a decline of 46.6% from the May 14th total of 16,836 shares. Based on an average daily volume of 8,829 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the shares of the stock are sold short.

SPDR Kensho Future Security ETF Stock Performance

SPDR Kensho Future Security ETF stock traded down $1.61 during mid-day trading on Tuesday, hitting $107.67. 4,218 shares of the company traded hands, compared to its average volume of 11,401. SPDR Kensho Future Security ETF has a one year low of $71.40 and a one year high of $118.60. The stock has a market cap of $137.82 million, a price-to-earnings ratio of 29.07 and a beta of 1.01. The stock has a fifty day moving average price of $101.07 and a 200-day moving average price of $93.23.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Focus Partners Wealth increased its stake in shares of SPDR Kensho Future Security ETF by 64.7% in the first quarter. Focus Partners Wealth now owns 5,949 shares of the company’s stock worth $374,000 after buying an additional 2,338 shares during the period. Baird Financial Group Inc. increased its stake in shares of SPDR Kensho Future Security ETF by 5.6% in the second quarter. Baird Financial Group Inc. now owns 7,063 shares of the company’s stock worth $537,000 after buying an additional 372 shares during the period. Osaic Holdings Inc. increased its stake in shares of SPDR Kensho Future Security ETF by 144.4% in the second quarter. Osaic Holdings Inc. now owns 2,940 shares of the company’s stock worth $223,000 after buying an additional 1,737 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of SPDR Kensho Future Security ETF by 4.8% in the third quarter. Envestnet Asset Management Inc. now owns 6,836 shares of the company’s stock worth $585,000 after buying an additional 315 shares during the period. Finally, Wealthfront Advisers LLC increased its stake in shares of SPDR Kensho Future Security ETF by 4.6% in the third quarter. Wealthfront Advisers LLC now owns 4,874 shares of the company’s stock worth $417,000 after buying an additional 213 shares during the period.

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.