SPDR Kensho Future Security ETF (NYSEARCA:FITE) Shares Shorted: Short Interest Down 80.2% in October

SPDR Kensho Future Security ETF (NYSEARCA:FITE) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,416 shares, a decrease of 80.2% from the September 30th total of 7,156 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,557 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of SPDR Kensho Future Security ETF

A number of institutional investors have recently made changes to their positions in FITE. Hutchens & Kramer Investment Management Group LLC increased its stake in SPDR Kensho Future Security ETF by 2.7% in the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 42,190 shares of the company’s stock valued at $4,675,000 after buying an additional 1,093 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of SPDR Kensho Future Security ETF by 208.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,969 shares of the company’s stock worth $2,918,000 after buying an additional 17,549 shares during the last quarter. Tidal Investments LLC bought a new position in shares of SPDR Kensho Future Security ETF in the 2nd quarter valued at about $2,117,000. Baird Financial Group Inc. grew its holdings in shares of SPDR Kensho Future Security ETF by 0.8% in the 2nd quarter. Baird Financial Group Inc. now owns 13,337 shares of the company’s stock valued at $1,499,000 after acquiring an additional 104 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of SPDR Kensho Future Security ETF by 206.1% in the first quarter. Cetera Investment Advisers now owns 10,157 shares of the company’s stock valued at $869,000 after acquiring an additional 6,839 shares during the last quarter.

SPDR Kensho Future Security ETF Price Performance

FITE stock traded up $0.93 during trading hours on Thursday, reaching $115.26. 3,634 shares of the stock were exchanged, compared to its average volume of 9,443. The firm’s 50-day moving average is $110.16 and its 200-day moving average is $102.43. The company has a market cap of $161.36 million, a price-to-earnings ratio of 29.07 and a beta of 1.03. SPDR Kensho Future Security ETF has a 12 month low of $77.72 and a 12 month high of $120.45.

About SPDR Kensho Future Security ETF

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.