Short Interest in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Decreases By 44.7%

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,428 shares, a decrease of 44.7% from the February 26th total of 4,394 shares. Based on an average daily trading volume, of 2,184 shares, the short-interest ratio is currently 1.1 days. Approximately 3.0% of the company’s shares are short sold.

SPDR Galaxy Transformative Tech Accelerators ETF Trading Up 5.7%

TEKX opened at $43.89 on Friday. The company has a market cap of $3.51 million, a P/E ratio of 26.41 and a beta of 2.97. The business’s 50-day moving average price is $44.34 and its 200-day moving average price is $42.68. SPDR Galaxy Transformative Tech Accelerators ETF has a 12 month low of $19.02 and a 12 month high of $47.06.

Hedge Funds Weigh In On SPDR Galaxy Transformative Tech Accelerators ETF

An institutional investor recently bought a new position in SPDR Galaxy Transformative Tech Accelerators ETF stock. Jane Street Group LLC purchased a new position in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,426 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned 19.04% of SPDR Galaxy Transformative Tech Accelerators ETF at the end of the most recent reporting period.

About SPDR Galaxy Transformative Tech Accelerators ETF

The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in companies identified as transformative tech accelerators, both internationally and domestically. TEKX was launched on Sep 9, 2024 and is issued by State Street.