SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) Sees Significant Decline in Short Interest

SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,241 shares, a decrease of 70.2% from the September 30th total of 7,514 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 28,460 shares, the days-to-cover ratio is presently 0.1 days.

SPDR S&P Kensho Final Frontiers ETF Stock Up 1.3%

Shares of ROKT opened at $103.77 on Wednesday. The business’s 50 day moving average price is $106.53 and its 200-day moving average price is $109.35. SPDR S&P Kensho Final Frontiers ETF has a 52 week low of $72.64 and a 52 week high of $137.63. The stock has a market cap of $155.66 million, a P/E ratio of 26.20 and a beta of 1.13.

Institutional Investors Weigh In On SPDR S&P Kensho Final Frontiers ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Liberty One Investment Management LLC bought a new position in shares of SPDR S&P Kensho Final Frontiers ETF during the first quarter valued at $1,211,000. D.A. Davidson & CO. bought a new position in shares of SPDR S&P Kensho Final Frontiers ETF in the third quarter worth approximately $245,000. Fifth Third Bancorp bought a new position in shares of SPDR S&P Kensho Final Frontiers ETF in the first quarter worth approximately $90,000. North Star Investment Management Corp. bought a new position in shares of SPDR S&P Kensho Final Frontiers ETF in the third quarter worth approximately $37,000. Finally, WealthBridge Capital Management LLC grew its holdings in shares of SPDR S&P Kensho Final Frontiers ETF by 1.1% during the third quarter. WealthBridge Capital Management LLC now owns 15,333 shares of the company’s stock valued at $1,595,000 after buying an additional 161 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.