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

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 257 shares, a decrease of 87.1% from the September 15th total of 1,996 shares. Based on an average trading volume of 3,380 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of SPDR Galaxy Transformative Tech Accelerators ETF

A hedge fund recently raised its stake in SPDR Galaxy Transformative Tech Accelerators ETF stock. Citadel Advisors LLC increased its position in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) by 29.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,479 shares of the company’s stock after acquiring an additional 3,520 shares during the quarter. Citadel Advisors LLC owned about 6.19% of SPDR Galaxy Transformative Tech Accelerators ETF worth $1,086,000 as of its most recent SEC filing.

SPDR Galaxy Transformative Tech Accelerators ETF Stock Performance

Shares of SPDR Galaxy Transformative Tech Accelerators ETF stock traded up $0.30 during mid-day trading on Friday, hitting $59.47. 3,170 shares of the stock were exchanged, compared to its average volume of 3,799. SPDR Galaxy Transformative Tech Accelerators ETF has a 12 month low of $38.32 and a 12 month high of $77.28. The company has a 50-day simple moving average of $63.88 and a 200 day simple moving average of $61.29. The company has a market capitalization of $14.87 million, a P/E ratio of 26.41 and a beta of 3.07.

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.