SPDR Kensho Future Security ETF (NYSEARCA:FITE) Short Interest Update

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 6,999 shares, a drop of 38.9% from the April 15th total of 11,449 shares. Based on an average daily volume of 12,125 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s stock are sold short.

SPDR Kensho Future Security ETF Trading Down 2.0%

Shares of FITE traded down $2.08 during trading hours on Friday, reaching $100.67. 5,424 shares of the stock traded hands, compared to its average volume of 11,643. The stock has a fifty day simple moving average of $91.96 and a 200 day simple moving average of $89.48. SPDR Kensho Future Security ETF has a 52 week low of $68.14 and a 52 week high of $102.84. The company has a market cap of $128.86 million, a price-to-earnings ratio of 29.07 and a beta of 0.95.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. lifted its position in shares of SPDR Kensho Future Security ETF by 22.9% during the third quarter. Raymond James Financial Inc. now owns 9,481 shares of the company’s stock valued at $811,000 after purchasing an additional 1,769 shares in the last quarter. UBS Group AG lifted its position in shares of SPDR Kensho Future Security ETF by 3.4% during the third quarter. UBS Group AG now owns 24,434 shares of the company’s stock valued at $2,091,000 after purchasing an additional 800 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of SPDR Kensho Future Security ETF by 4.6% during the third quarter. Wealthfront Advisers LLC now owns 4,874 shares of the company’s stock valued at $417,000 after purchasing an additional 213 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of SPDR Kensho Future Security ETF during the third quarter valued at about $856,000. Finally, Focus Partners Wealth lifted its position in shares of 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 valued at $374,000 after purchasing an additional 2,338 shares in the last quarter.

SPDR Kensho Future Security ETF Company Profile

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.