SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Stock Short Interest Jumps 92.2%

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 494 shares, a growth of 92.2% from the September 30th total of 257 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 3,393 shares, the short-interest ratio is currently 0.1 days.

SPDR Galaxy Transformative Tech Accelerators ETF Stock Performance

Shares of TEKX traded down $0.39 during trading hours on Monday, hitting $47.42. 1,006 shares of the stock were exchanged, compared to its average volume of 3,760. 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 market cap of $11.86 million, a price-to-earnings ratio of 26.41 and a beta of 3.07. The stock’s 50-day moving average price is $60.07 and its two-hundred day moving average price is $56.54.

Institutional Investors Weigh In On SPDR Galaxy Transformative Tech Accelerators ETF

An institutional investor recently bought a new stake in SPDR Galaxy Transformative Tech Accelerators ETF stock. Wedbush Securities Inc. purchased a new position in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 74,129 shares of the company’s stock, valued at approximately $2,170,000. Wedbush Securities Inc. owned approximately 29.65% of SPDR Galaxy Transformative Tech Accelerators ETF at the end of the most recent quarter.

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.