SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Shares Shorted: Short Interest Down 56.2% in September

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,789 shares, a decrease of 56.2% from the September 15th total of 4,084 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 1,344 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On SPDR FactSet Innovative Technology ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC purchased a new position in shares of SPDR FactSet Innovative Technology ETF during the third quarter valued at approximately $1,182,000. Kaizen Financial Strategies lifted its stake in SPDR FactSet Innovative Technology ETF by 4.5% in the third quarter. Kaizen Financial Strategies now owns 3,464 shares of the company’s stock worth $690,000 after acquiring an additional 150 shares during the period. Kwmg LLC purchased a new stake in SPDR FactSet Innovative Technology ETF in the third quarter worth $872,000. Citadel Advisors LLC purchased a new stake in SPDR FactSet Innovative Technology ETF in the second quarter worth $485,000. Finally, Harbour Wealth Management Group Inc. bought a new stake in SPDR FactSet Innovative Technology ETF in the fourth quarter valued at $3,503,000.

SPDR FactSet Innovative Technology ETF Stock Up 2.1%

Shares of SPDR FactSet Innovative Technology ETF stock traded up $4.02 during trading on Thursday, reaching $196.33. 1,134 shares of the stock were exchanged, compared to its average volume of 2,039. The firm has a market cap of $66.75 million, a price-to-earnings ratio of 27.20 and a beta of 1.33. SPDR FactSet Innovative Technology ETF has a 1 year low of $141.05 and a 1 year high of $211.23. The stock’s fifty day moving average is $199.85 and its 200 day moving average is $188.29.

About SPDR FactSet Innovative Technology ETF

The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.