SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) Stock Short Interest Falls 55.9%

SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 7,290 shares, a drop of 55.9% from the August 31st total of 16,541 shares. Based on an average daily volume of 14,173 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in SPDR S&P Kensho Final Frontiers ETF during the first quarter valued at about $90,000. Fulcrum Equity Management lifted its position in shares of SPDR S&P Kensho Final Frontiers ETF by 3.2% during the second quarter. Fulcrum Equity Management now owns 3,021 shares of the company’s stock valued at $361,000 after buying an additional 95 shares during the last quarter. Finally, Liberty One Investment Management LLC purchased a new stake in shares of SPDR S&P Kensho Final Frontiers ETF during the first quarter valued at about $1,211,000.

SPDR S&P Kensho Final Frontiers ETF Stock Performance

NYSEARCA:ROKT traded down $1.26 during trading hours on Tuesday, reaching $104.39. The company’s stock had a trading volume of 10,841 shares, compared to its average volume of 31,336. The company has a market capitalization of $174.33 million, a P/E ratio of 26.20 and a beta of 1.11. SPDR S&P Kensho Final Frontiers ETF has a 12 month low of $72.64 and a 12 month high of $137.63. The stock has a 50 day moving average price of $111.62 and a two-hundred day moving average price of $112.93.

SPDR S&P Kensho Final Frontiers ETF Company Profile

The SPDR Kensho Final Frontiers ETF (ROKT) is an exchange-traded fund that is based on the S&P Kensho Final Frontiers index. The fund tracks a tier-weighted index of US equities associated with space and deep sea exploration. ROKT was launched on Oct 22, 2018 and is managed by State Street.