SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Sees Significant Increase in Short Interest

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 575 shares, an increase of 82.5% from the April 15th total of 315 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,985 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On SPDR FactSet Innovative Technology ETF

A number of large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its position in SPDR FactSet Innovative Technology ETF by 14.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,204 shares of the company’s stock worth $796,000 after purchasing an additional 523 shares during the period. Raymond James Financial Inc. purchased a new position in SPDR FactSet Innovative Technology ETF in the 2nd quarter worth $142,000. LPL Financial LLC raised its position in SPDR FactSet Innovative Technology ETF by 5.1% in the 4th quarter. LPL Financial LLC now owns 31,121 shares of the company’s stock worth $5,553,000 after purchasing an additional 1,516 shares during the period. Osaic Holdings Inc. raised its position in SPDR FactSet Innovative Technology ETF by 72.2% in the 4th quarter. Osaic Holdings Inc. now owns 3,725 shares of the company’s stock worth $665,000 after purchasing an additional 1,562 shares during the period. Finally, Wells Fargo & Company MN raised its position in SPDR FactSet Innovative Technology ETF by 2,153.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,141 shares of the company’s stock worth $382,000 after purchasing an additional 2,046 shares during the period.

SPDR FactSet Innovative Technology ETF Stock Performance

SPDR FactSet Innovative Technology ETF stock opened at $186.00 on Monday. The firm’s fifty day moving average price is $162.03 and its 200-day moving average price is $168.57. The stock has a market cap of $65.10 million, a P/E ratio of 27.20 and a beta of 1.27. SPDR FactSet Innovative Technology ETF has a fifty-two week low of $141.05 and a fifty-two week high of $196.86.

About SPDR FactSet Innovative Technology ETF

The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.