SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Stock Short Interest Drops 90.9%

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 45 shares, a decrease of 90.9% from the October 15th total of 494 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,345 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. bought a new position in SPDR Galaxy Transformative Tech Accelerators ETF in the 2nd quarter worth $2,170,000. Citadel Advisors LLC raised its holdings 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 acquiring an additional 3,520 shares during the period. Finally, Welch Financial Planning LLC bought a new stake in SPDR Galaxy Transformative Tech Accelerators ETF during the third quarter valued at about $220,000.

SPDR Galaxy Transformative Tech Accelerators ETF Trading Down 1.6%

TEKX traded down $0.77 during trading on Thursday, hitting $46.32. 1,445 shares of the company’s stock traded hands, compared to its average volume of 3,775. SPDR Galaxy Transformative Tech Accelerators ETF has a 12-month low of $38.32 and a 12-month high of $77.28. The stock has a market capitalization of $11.58 million, a price-to-earnings ratio of 25.16 and a beta of 3.22. The company’s 50 day simple moving average is $57.55 and its two-hundred day simple moving average is $56.57.

About SPDR Galaxy Transformative Tech Accelerators ETF

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.