Short Interest in SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) Drops By 37.1%

SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,407 shares, a decrease of 37.1% from the June 15th total of 2,237 shares. Based on an average daily volume of 5,774 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On SPDR S&P Kensho Smart Mobility ETF

An institutional investor recently bought a new stake in SPDR S&P Kensho Smart Mobility ETF stock. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Kensho Smart Mobility ETF (NYSEARCA:HAIL) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,510 shares of the company’s stock, valued at approximately $516,000. U.S. Capital Wealth Advisors LLC owned 2.63% of SPDR S&P Kensho Smart Mobility ETF at the end of the most recent quarter.

SPDR S&P Kensho Smart Mobility ETF Price Performance

Shares of NYSEARCA:HAIL opened at $36.47 on Friday. The business has a 50 day simple moving average of $39.66 and a two-hundred day simple moving average of $36.74. SPDR S&P Kensho Smart Mobility ETF has a 1 year low of $30.19 and a 1 year high of $44.80. The firm has a market capitalization of $19.69 million, a PE ratio of 13.73 and a beta of 1.51.

About SPDR S&P Kensho Smart Mobility ETF

The SPDR S&P Kensho Smart Mobility ETF (HAIL) is an exchange-traded fund that is based on the S&P Kensho Smart Transportation index. The fund tracks an index of US-listed companies that focuses on autonomous vehicle technology, drone technology, and advanced transportation tracking and transport optimization systems. HAIL was launched on Dec 26, 2017 and is managed by State Street.