Short Interest in SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) Drops By 38.5%

SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 9,827 shares, a decline of 38.5% from the April 15th total of 15,990 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 62,767 shares, the days-to-cover ratio is currently 0.2 days.

SPDR S&P Kensho Final Frontiers ETF Trading Down 3.5%

Shares of NYSEARCA:ROKT traded down $4.22 during midday trading on Friday, reaching $117.57. The company had a trading volume of 34,137 shares, compared to its average volume of 27,100. The company’s 50 day moving average price is $107.91 and its 200 day moving average price is $96.07. The stock has a market cap of $163.42 million, a P/E ratio of 26.20 and a beta of 1.03. SPDR S&P Kensho Final Frontiers ETF has a 52-week low of $56.61 and a 52-week high of $121.97.

Hedge Funds Weigh In On SPDR S&P Kensho Final Frontiers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of SPDR S&P Kensho Final Frontiers ETF in the 3rd quarter worth about $61,000. Fifth Third Bancorp purchased a new position in shares of SPDR S&P Kensho Final Frontiers ETF in the 1st quarter worth about $90,000. D.A. Davidson & CO. purchased a new position in shares of SPDR S&P Kensho Final Frontiers ETF in the 4th quarter worth about $200,000. Wealthfront Advisers LLC purchased a new position in shares of SPDR S&P Kensho Final Frontiers ETF in the 4th quarter worth about $221,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of SPDR S&P Kensho Final Frontiers ETF by 42.4% in the 4th quarter. Osaic Holdings Inc. now owns 2,690 shares of the company’s stock worth $229,000 after buying an additional 801 shares during the last quarter.

About SPDR S&P Kensho Final Frontiers ETF

The SPDR Kensho Final Frontiers ETF (ROKT) is an exchange-traded fund that is based on the S&P Kensho Final Frontiers index. The fund tracks a tier-weighted index of US equities associated with space and deep sea exploration. ROKT was launched on Oct 22, 2018 and is managed by State Street.