SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Sees Significant Decline in Short Interest

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 203 shares, a drop of 87.4% from the August 15th total of 1,613 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 5,135 shares, the short-interest ratio is presently 0.0 days.

SPDR Galaxy Transformative Tech Accelerators ETF Stock Performance

TEKX stock remained flat at $62.58 during midday trading on Friday. The company had a trading volume of 2,219 shares, compared to its average volume of 3,900. The business has a 50 day simple moving average of $64.38 and a 200-day simple moving average of $58.31. SPDR Galaxy Transformative Tech Accelerators ETF has a fifty-two week low of $36.96 and a fifty-two week high of $77.28. The stock has a market capitalization of $15.64 million, a P/E ratio of 26.41 and a beta of 3.10.

Hedge Funds Weigh In On SPDR Galaxy Transformative Tech Accelerators ETF

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of SPDR Galaxy Transformative Tech Accelerators ETF during the 1st quarter valued at about $249,000. Citadel Advisors LLC lifted its position in SPDR Galaxy Transformative Tech Accelerators ETF by 29.4% during the second quarter. Citadel Advisors LLC now owns 15,479 shares of the company’s stock valued at $1,086,000 after purchasing an additional 3,520 shares during the period. Finally, Wedbush Securities Inc. purchased a new stake in SPDR Galaxy Transformative Tech Accelerators ETF in the second quarter worth approximately $2,170,000.

SPDR Galaxy Transformative Tech Accelerators ETF Company Profile

The SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in companies identified as transformative tech accelerators, both internationally and domestically. TEKX was launched on Sep 9, 2024 and is issued by State Street.