SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Short Interest Down 13.8% in January

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 193 shares, a decrease of 13.8% from the January 15th total of 224 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,509 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 1,509 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR FactSet Innovative Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in SPDR FactSet Innovative Technology ETF during the second quarter worth about $142,000. Good Life Advisors LLC purchased a new stake in shares of SPDR FactSet Innovative Technology ETF during the 2nd quarter valued at approximately $212,000. Wells Fargo & Company MN lifted its holdings in SPDR FactSet Innovative Technology ETF by 2,153.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,141 shares of the company’s stock valued at $382,000 after acquiring an additional 2,046 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in SPDR FactSet Innovative Technology ETF by 72.2% in the fourth quarter. Osaic Holdings Inc. now owns 3,725 shares of the company’s stock valued at $665,000 after acquiring an additional 1,562 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in SPDR FactSet Innovative Technology ETF by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 4,204 shares of the company’s stock worth $796,000 after acquiring an additional 523 shares during the period.

SPDR FactSet Innovative Technology ETF Stock Performance

NYSEARCA XITK opened at $149.18 on Thursday. The stock’s fifty day moving average is $171.75 and its two-hundred day moving average is $180.15. The firm has a market capitalization of $62.66 million, a P/E ratio of 27.20 and a beta of 1.23. SPDR FactSet Innovative Technology ETF has a fifty-two week low of $138.01 and a fifty-two week high of $196.86.

About SPDR FactSet Innovative Technology ETF

The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.