SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) Sees Large Growth in Short Interest

SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 60,336 shares, an increase of 300.9% from the May 14th total of 15,052 shares. Based on an average daily volume of 84,976 shares, the days-to-cover ratio is presently 0.7 days. Currently, 4.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ROKT. JPMorgan Chase & Co. acquired a new stake in shares of SPDR S&P Kensho Final Frontiers ETF in the third quarter valued at $61,000. Fifth Third Bancorp acquired a new stake in shares of SPDR S&P Kensho Final Frontiers ETF in the first quarter valued at $90,000. D.A. Davidson & CO. acquired a new stake in shares of SPDR S&P Kensho Final Frontiers ETF in the fourth quarter valued at $200,000. Wealthfront Advisers LLC acquired a new stake in shares of SPDR S&P Kensho Final Frontiers ETF in the fourth quarter valued at $221,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of SPDR S&P Kensho Final Frontiers ETF by 42.4% in the fourth quarter. Osaic Holdings Inc. now owns 2,690 shares of the company’s stock valued at $229,000 after buying an additional 801 shares during the period.

SPDR S&P Kensho Final Frontiers ETF Stock Performance

Shares of NYSEARCA:ROKT traded down $4.35 on Friday, hitting $120.01. The company’s stock had a trading volume of 55,963 shares, compared to its average volume of 36,143. SPDR S&P Kensho Final Frontiers ETF has a 12 month low of $60.84 and a 12 month high of $137.63. The company has a market capitalization of $166.81 million, a price-to-earnings ratio of 26.20 and a beta of 1.08. The stock’s 50-day moving average is $117.02 and its two-hundred day moving average is $102.58.

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.