SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Large Volume Increase – What’s Next?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) saw strong trading volume on Tuesday . 535,321 shares traded hands during trading, an increase of 383% from the previous session’s volume of 110,856 shares.The stock last traded at $53.73 and had previously closed at $54.43.

SPDR S&P Kensho New Economies Composite ETF Price Performance

The company has a fifty day moving average of $49.44 and a 200-day moving average of $47.85. The firm has a market cap of $2.15 billion, a P/E ratio of 22.21 and a beta of 1.39.

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

A number of hedge funds have recently bought and sold shares of KOMP. Global Financial Private Client LLC purchased a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter worth approximately $63,000. Ashton Thomas Private Wealth LLC bought a new stake in SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter worth approximately $67,000. Family Firm Inc. bought a new position in SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter valued at $95,000. Flow Traders U.S. LLC purchased a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter worth $203,000. Finally, Lynx Investment Advisory purchased a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter valued at about $280,000.

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.