SPDR Kensho Future Security ETF (NYSEARCA:FITE) Shares Shorted: Short Interest Up 57.5% in September

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 6,487 shares, a growth of 57.5% from the August 31st total of 4,119 shares. Based on an average daily trading volume, of 5,353 shares, the short-interest ratio is presently 1.2 days. Approximately 0.5% of the shares of the stock are short sold.

SPDR Kensho Future Security ETF Stock Up 0.5%

NYSEARCA:FITE traded up $0.50 during trading hours on Wednesday, hitting $110.82. 22,748 shares of the company’s stock traded hands, compared to its average volume of 9,897. SPDR Kensho Future Security ETF has a 52 week low of $77.72 and a 52 week high of $120.45. The business’s fifty day simple moving average is $110.90 and its two-hundred day simple moving average is $104.44. The firm has a market cap of $151.82 million, a P/E ratio of 29.07 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FITE. Tidal Investments LLC bought a new stake in SPDR Kensho Future Security ETF during the second quarter valued at approximately $2,117,000. Cetera Investment Advisers increased its holdings in shares of SPDR Kensho Future Security ETF by 206.1% in the 1st quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock worth $869,000 after buying an additional 6,839 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of SPDR Kensho Future Security ETF by 208.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,969 shares of the company’s stock valued at $2,918,000 after buying an additional 17,549 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of SPDR Kensho Future Security ETF during the 2nd quarter worth $52,000. Finally, Phillip James Consulting Co. bought a new position in SPDR Kensho Future Security ETF in the first quarter valued at $109,000.

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.