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

SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,198 shares, a decline of 82.4% from the May 31st total of 12,478 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,402 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SPDR Galaxy Transformative Tech Accelerators ETF stock. Jane Street Group LLC purchased a new position in SPDR Galaxy Transformative Tech Accelerators ETF (NASDAQ:TEKX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,426 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned 19.04% of SPDR Galaxy Transformative Tech Accelerators ETF as of its most recent filing with the Securities and Exchange Commission.

SPDR Galaxy Transformative Tech Accelerators ETF Trading Up 0.3%

SPDR Galaxy Transformative Tech Accelerators ETF stock opened at $69.13 on Friday. The stock has a 50-day moving average price of $61.91 and a two-hundred day moving average price of $49.96. SPDR Galaxy Transformative Tech Accelerators ETF has a 12 month low of $28.85 and a 12 month high of $77.28. The company has a market capitalization of $8.99 million, a PE ratio of 26.41 and a beta of 3.15.

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.