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

SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 7,595 shares, a decline of 59.3% from the March 15th total of 18,676 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 14,949 shares, the short-interest ratio is presently 0.5 days.

SPDR S&P Kensho Final Frontiers ETF Price Performance

NYSEARCA ROKT traded up $1.67 during midday trading on Monday, hitting $111.42. 26,062 shares of the company traded hands, compared to its average volume of 19,463. SPDR S&P Kensho Final Frontiers ETF has a 52 week low of $49.29 and a 52 week high of $111.70. The company’s 50-day simple moving average is $102.62 and its 200-day simple moving average is $90.55. The company has a market cap of $98.05 million, a PE ratio of 26.20 and a beta of 1.01.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROKT. JPMorgan Chase & Co. bought a new position in SPDR S&P Kensho Final Frontiers ETF in the third quarter worth about $61,000. WealthBridge Capital Management LLC boosted its holdings in shares of SPDR S&P Kensho Final Frontiers ETF by 24.6% in the 3rd quarter. WealthBridge Capital Management LLC now owns 14,221 shares of the company’s stock valued at $1,084,000 after buying an additional 2,812 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of SPDR S&P Kensho Final Frontiers ETF in the 4th quarter worth approximately $200,000. Wealthfront Advisers LLC purchased a new position in shares of SPDR S&P Kensho Final Frontiers ETF in the 4th quarter worth approximately $221,000. Finally, Virtus Family Office LLC bought a new position in shares of SPDR S&P Kensho Final Frontiers ETF during the 4th quarter worth approximately $324,000.

SPDR S&P Kensho Final Frontiers ETF Company Profile

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.