SPDR Kensho Future Security ETF (NYSEARCA:FITE) Short Interest Down 49.4% in June

SPDR Kensho Future Security ETF (NYSEARCA:FITE) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 4,548 shares, a drop of 49.4% from the May 31st total of 8,987 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 12,213 shares, the short-interest ratio is presently 0.4 days.

SPDR Kensho Future Security ETF Stock Performance

Shares of FITE opened at $109.03 on Tuesday. SPDR Kensho Future Security ETF has a 1 year low of $74.45 and a 1 year high of $118.60. The stock has a market capitalization of $139.56 million, a PE ratio of 29.07 and a beta of 1.01. The stock has a 50-day simple moving average of $104.08 and a 200-day simple moving average of $94.79.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in SPDR Kensho Future Security ETF during the 4th quarter worth approximately $26,000. Allworth Financial LP acquired a new stake in shares of SPDR Kensho Future Security ETF in the 4th quarter valued at $58,000. CWM LLC purchased a new stake in shares of SPDR Kensho Future Security ETF during the 4th quarter worth $76,000. Kestra Advisory Services LLC purchased a new stake in shares of SPDR Kensho Future Security ETF during the 4th quarter worth $79,000. Finally, Phillip James Consulting Co. acquired a new position in shares of SPDR Kensho Future Security ETF during the first quarter worth $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.