SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Short Interest Up 146.6% in July

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 23,619 shares, an increase of 146.6% from the June 30th total of 9,579 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 111,321 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of SPDR S&P Kensho New Economies Composite ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 3,057.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,757 shares of the company’s stock worth $2,195,000 after purchasing an additional 35,593 shares during the last quarter. Financial Enhancement Group LLC increased its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 25.1% in the fourth quarter. Financial Enhancement Group LLC now owns 45,058 shares of the company’s stock worth $2,954,000 after buying an additional 9,028 shares during the period. Savvy Advisors Inc. bought a new stake in SPDR S&P Kensho New Economies Composite ETF during the 4th quarter valued at $1,395,000. Strategic Advocates LLC raised its holdings in SPDR S&P Kensho New Economies Composite ETF by 3.0% during the 4th quarter. Strategic Advocates LLC now owns 587,122 shares of the company’s stock valued at $35,298,000 after buying an additional 16,890 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in SPDR S&P Kensho New Economies Composite ETF by 15.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 69,575 shares of the company’s stock valued at $4,156,000 after buying an additional 9,282 shares during the period.

SPDR S&P Kensho New Economies Composite ETF Trading Up 0.9%

NYSEARCA KOMP opened at $66.03 on Tuesday. The firm has a market cap of $2.62 billion, a PE ratio of 20.26 and a beta of 1.32. SPDR S&P Kensho New Economies Composite ETF has a 1-year low of $54.05 and a 1-year high of $75.61. The stock has a 50-day moving average of $69.62 and a 200-day moving average of $65.59.

SPDR S&P Kensho New Economies Composite ETF Company Profile

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.