SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Sees Large Increase in Short Interest

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKXGet Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 3,490 shares, an increase of 43.7% from the March 15th total of 2,428 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average trading volume of 814 shares, the short-interest ratio is presently 4.3 days.

Institutional Trading of SPDR Galaxy Transformative Tech Accelerators ETF

An institutional investor recently bought a new position in SPDR Galaxy Transformative Tech Accelerators ETF stock. Jane Street Group LLC bought a new stake in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKXFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,426 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned approximately 19.04% of SPDR Galaxy Transformative Tech Accelerators ETF as of its most recent SEC filing.

SPDR Galaxy Transformative Tech Accelerators ETF Trading Up 4.0%

Shares of NASDAQ:TEKX traded up $1.93 during midday trading on Tuesday, hitting $49.76. The stock had a trading volume of 4,952 shares, compared to its average volume of 2,239. The company has a market capitalization of $4.98 million, a PE ratio of 26.41 and a beta of 3.10. The stock has a 50 day moving average price of $43.89 and a two-hundred day moving average price of $43.14. SPDR Galaxy Transformative Tech Accelerators ETF has a 1 year low of $20.06 and a 1 year high of $49.91.

SPDR Galaxy Transformative Tech Accelerators ETF Company Profile

(Get Free Report)

The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in companies identified as transformative tech accelerators, both internationally and domestically. TEKX was launched on Sep 9, 2024 and is issued by State Street.

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