SPDR S&P Insurance ETF (NYSEARCA:KIE) Short Interest Update

SPDR S&P Insurance ETF (NYSEARCA:KIE) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 4,547,256 shares, an increase of 28.4% from the February 26th total of 3,542,080 shares. Currently, 54.1% of the company’s stock are short sold. Based on an average trading volume of 2,492,706 shares, the short-interest ratio is presently 1.8 days.

SPDR S&P Insurance ETF Stock Performance

Shares of SPDR S&P Insurance ETF stock opened at $55.00 on Wednesday. The company has a market capitalization of $462 million, a PE ratio of 14.40 and a beta of 0.74. The company has a 50-day simple moving average of $57.01 and a two-hundred day simple moving average of $58.27. SPDR S&P Insurance ETF has a one year low of $52.37 and a one year high of $61.26.

Hedge Funds Weigh In On SPDR S&P Insurance ETF

Several institutional investors and hedge funds have recently bought and sold shares of KIE. Rockefeller Capital Management L.P. boosted its stake in SPDR S&P Insurance ETF by 12.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,128 shares of the exchange traded fund’s stock worth $609,000 after purchasing an additional 1,098 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in SPDR S&P Insurance ETF during the 4th quarter valued at approximately $392,000. Millennium Management LLC purchased a new position in shares of SPDR S&P Insurance ETF in the fourth quarter worth $15,137,000. Cetera Investment Advisers raised its holdings in shares of SPDR S&P Insurance ETF by 3.7% in the fourth quarter. Cetera Investment Advisers now owns 16,796 shares of the exchange traded fund’s stock worth $1,010,000 after buying an additional 600 shares during the last quarter. Finally, Jain Global LLC acquired a new stake in shares of SPDR S&P Insurance ETF during the fourth quarter worth $8,368,000.

About SPDR S&P Insurance ETF

The SPDR S&P Insurance ETF (the Fund), formerly SPDR KBW Insurance ETF, seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The Fund invests all, but at least 80%, of its total assets in the securities comprising the Index. The Fund invests in all of the securities represented in the Index in approximately the same proportions as the Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.