SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) Sees Significant Increase in Short Interest

SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 39,312 shares, a growth of 2,694.0% from the June 30th total of 1,407 shares. Based on an average trading volume of 8,288 shares, the days-to-cover ratio is currently 4.7 days. Currently, 7.6% of the shares of the company are sold short.

SPDR S&P Kensho Smart Mobility ETF Trading Down 2.0%

HAIL stock opened at $35.43 on Friday. The stock’s 50 day simple moving average is $39.35 and its 200 day simple moving average is $36.84. SPDR S&P Kensho Smart Mobility ETF has a 12-month low of $30.19 and a 12-month high of $44.80. The firm has a market cap of $18.42 million, a P/E ratio of 13.73 and a beta of 1.51.

Institutional Investors Weigh In On SPDR S&P Kensho Smart Mobility ETF

An institutional investor recently bought a new stake in SPDR S&P Kensho Smart Mobility ETF stock. U.S. Capital Wealth Advisors LLC bought a new position in SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,510 shares of the company’s stock, valued at approximately $516,000. U.S. Capital Wealth Advisors LLC owned about 2.63% of SPDR S&P Kensho Smart Mobility ETF as of its most recent SEC filing.

SPDR S&P Kensho Smart Mobility ETF Company Profile

The SPDR S&P Kensho Smart Mobility ETF (HAIL) is an exchange-traded fund that is based on the S&P Kensho Smart Transportation index. The fund tracks an index of US-listed companies that focuses on autonomous vehicle technology, drone technology, and advanced transportation tracking and transport optimization systems. HAIL was launched on Dec 26, 2017 and is managed by State Street.