SPDR Kensho Future Security ETF (NYSEARCA:FITE) Short Interest Down 56.2% in February

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 3,241 shares, a decline of 56.2% from the February 12th total of 7,405 shares. Based on an average daily trading volume, of 7,982 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 7,982 shares, the short-interest ratio is presently 0.4 days.

SPDR Kensho Future Security ETF Trading Down 1.5%

FITE stock traded down $1.31 during trading on Thursday, reaching $88.93. 10,442 shares of the stock were exchanged, compared to its average volume of 13,499. The firm’s 50 day moving average is $91.45 and its 200 day moving average is $87.11. The firm has a market cap of $109.38 million, a P/E ratio of 29.07 and a beta of 0.99. SPDR Kensho Future Security ETF has a twelve month low of $53.86 and a twelve month high of $97.47.

Hedge Funds Weigh In On SPDR Kensho Future Security ETF

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in SPDR Kensho Future Security ETF during the 3rd quarter valued at $856,000. Hutchens & Kramer Investment Management Group LLC purchased a new stake in shares of SPDR Kensho Future Security ETF in the fourth quarter valued at about $481,000. USAdvisors Wealth Management LLC bought a new position in shares of SPDR Kensho Future Security ETF during the third quarter valued at about $318,000. Cetera Investment Advisers bought a new position in shares of SPDR Kensho Future Security ETF during the fourth quarter valued at about $283,000. Finally, Focus Partners Wealth boosted its holdings in SPDR Kensho Future Security ETF by 64.7% during the first quarter. Focus Partners Wealth now owns 5,949 shares of the company’s stock worth $374,000 after purchasing an additional 2,338 shares during the last quarter.

About SPDR Kensho Future Security ETF

The SPDR S&P Kensho Future Security ETF (FITE) is an exchange-traded fund that is based on the S&P Kensho Future Security index. The fund tracks an index of US stocks supporting technological innovations in future military and security applications. FITE was launched on Dec 26, 2017 and is managed by State Street.