SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Short Interest Down 37.7% in December

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 1,051 shares, a decrease of 37.7% from the November 30th total of 1,687 shares. Based on an average daily trading volume, of 1,884 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,884 shares, the days-to-cover ratio is currently 0.6 days.

SPDR FactSet Innovative Technology ETF Stock Performance

NYSEARCA:XITK traded down $0.67 during mid-day trading on Monday, reaching $180.26. 2,984 shares of the company’s stock were exchanged, compared to its average volume of 2,760. SPDR FactSet Innovative Technology ETF has a one year low of $138.01 and a one year high of $196.86. The business’s fifty day simple moving average is $180.78 and its two-hundred day simple moving average is $184.64. The firm has a market capitalization of $82.92 million, a PE ratio of 27.20 and a beta of 1.23.

Institutional Trading of SPDR FactSet Innovative Technology ETF

A number of institutional investors have recently modified their holdings of XITK. Good Life Advisors LLC acquired a new stake in SPDR FactSet Innovative Technology ETF during the second quarter worth about $212,000. WESPAC Advisors LLC bought a new stake in shares of SPDR FactSet Innovative Technology ETF during the 2nd quarter worth approximately $664,000. Harbor Asset Planning Inc. acquired a new stake in shares of SPDR FactSet Innovative Technology ETF during the 2nd quarter worth approximately $36,000. Ameriprise Financial Inc. increased its stake in SPDR FactSet Innovative Technology ETF by 188.4% in the third quarter. Ameriprise Financial Inc. now owns 12,124 shares of the company’s stock valued at $2,309,000 after acquiring an additional 7,920 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in SPDR FactSet Innovative Technology ETF during the second quarter valued at approximately $142,000.

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.