SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Shares Shorted: Short Interest Up 521.2% in September

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 59,207 shares, an increase of 521.2% from the September 15th total of 9,531 shares. Based on an average daily volume of 71,052 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

SPDR S&P Kensho New Economies Composite ETF Trading Up 1.1%

Shares of KOMP stock traded up $0.74 during trading on Friday, reaching $66.35. 35,788 shares of the company’s stock traded hands, compared to its average volume of 82,351. The company has a market capitalization of $2.63 billion, a P/E ratio of 20.26 and a beta of 1.34. The firm’s 50-day moving average is $67.98 and its 200 day moving average is $67.41. SPDR S&P Kensho New Economies Composite ETF has a 1 year low of $55.69 and a 1 year high of $75.61.

Institutional Investors Weigh In On SPDR S&P Kensho New Economies Composite ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter worth $28,000. Parallel Advisors LLC grew its position in shares of SPDR S&P Kensho New Economies Composite ETF by 3,987.0% in the first quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock valued at $55,000 after purchasing an additional 917 shares in the last quarter. Capital Advantage Inc. purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the second quarter valued at $204,000. Chicago Partners Investment Group LLC purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the first quarter valued at $184,000. Finally, IFP Advisors Inc raised its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 15.2% during the 2nd quarter. IFP Advisors Inc now owns 3,294 shares of the company’s stock valued at $236,000 after purchasing an additional 434 shares during the period.

About SPDR S&P Kensho New Economies Composite ETF

The SPDR S&P Kensho New Economies Composite ETF (KOMP) is an exchange-traded fund that is based on the S&P Kensho New Economies Composite index. The fund tracks a tier-weighted index of US-listed companies with products or services that disrupt traditional industries. KOMP was launched on Oct 22, 2018 and is managed by State Street.