SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) Sees Significant Drop in Short Interest

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 4,394 shares, a drop of 12.7% from the February 12th total of 5,031 shares. Approximately 5.5% of the company’s shares are short sold. Based on an average daily volume of 2,057 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 2,057 shares, the days-to-cover ratio is currently 2.1 days. Approximately 5.5% of the company’s shares are short sold.

SPDR Galaxy Transformative Tech Accelerators ETF Price Performance

Shares of NASDAQ:TEKX opened at $43.60 on Thursday. The stock has a market cap of $3.49 million, a price-to-earnings ratio of 26.41 and a beta of 2.97. The company has a 50 day moving average of $44.49 and a 200-day moving average of $42.27. SPDR Galaxy Transformative Tech Accelerators ETF has a one year low of $19.02 and a one year high of $47.06.

SPDR Galaxy Transformative Tech Accelerators ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a $0.1411 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a yield of 35.0%.

Institutional Trading of SPDR Galaxy Transformative Tech Accelerators ETF

An institutional investor recently bought a new position in SPDR Galaxy Transformative Tech Accelerators ETF stock. Jane Street Group LLC bought a new stake in shares of SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 11,426 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned about 19.04% of SPDR Galaxy Transformative Tech Accelerators ETF as of its most recent filing with the SEC.

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.