SPDR Kensho Future Security ETF (NYSEARCA:FITE) Shares Shorted: Short Interest Up 57.5% in September

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 6,487 shares, a growth of 57.5% from the August 31st total of 4,119 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 5,353 shares, the days-to-cover ratio is currently 1.2 days.

SPDR Kensho Future Security ETF Stock Performance

NYSEARCA:FITE traded up $0.50 during mid-day trading on Wednesday, reaching $110.82. The stock had a trading volume of 22,748 shares, compared to its average volume of 9,897. The firm has a 50 day moving average price of $110.90 and a two-hundred day moving average price of $104.44. The stock has a market capitalization of $151.82 million, a P/E ratio of 29.07 and a beta of 1.03. SPDR Kensho Future Security ETF has a one year low of $77.72 and a one year high of $120.45.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FITE. Integrated Wealth Concepts LLC bought a new stake in shares of SPDR Kensho Future Security ETF in the 2nd quarter worth approximately $52,000. Phillip James Consulting Co. bought a new position in shares of SPDR Kensho Future Security ETF during the 1st quarter valued at $109,000. Bank of America Corp DE grew its holdings in shares of SPDR Kensho Future Security ETF by 100.3% during the 1st 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 during the last quarter. Cetera Investment Advisers raised its position 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 purchasing an additional 6,839 shares during the period. Finally, Baird Financial Group Inc. raised its position in SPDR Kensho Future Security ETF by 0.8% in the 2nd quarter. Baird Financial Group Inc. now owns 13,337 shares of the company’s stock worth $1,499,000 after purchasing an additional 104 shares during the period.

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.