SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 625 shares, an increase of 58.6% from the August 15th total of 394 shares. Based on an average daily volume of 754 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are short sold.
Hedge Funds Weigh In On SPDR FactSet Innovative Technology ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbour Wealth Management Group Inc. acquired a new position in shares of SPDR FactSet Innovative Technology ETF during the 4th quarter valued at $3,503,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SPDR FactSet Innovative Technology ETF by 15,685.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,840 shares of the company’s stock valued at $1,577,000 after buying an additional 8,784 shares during the period. Finally, Citadel Advisors LLC bought a new position in SPDR FactSet Innovative Technology ETF during the second quarter valued at about $485,000.
SPDR FactSet Innovative Technology ETF Trading Up 1.9%
XITK stock opened at $196.48 on Friday. The firm’s 50-day moving average is $193.50 and its two-hundred day moving average is $181.54. The company has a market capitalization of $9.82 million, a price-to-earnings ratio of 27.20 and a beta of 1.32. SPDR FactSet Innovative Technology ETF has a 52 week low of $141.05 and a 52 week high of $211.23.
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.
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