SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Sees Significant Drop in Short Interest
by Amy Steele · The Cerbat GemSPDR S&P Health Care Equipment ETF (NYSEARCA:XHE – Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 294,617 shares, a decrease of 18.8% from the March 15th total of 362,691 shares. Based on an average daily trading volume, of 21,885 shares, the short-interest ratio is presently 13.5 days. Approximately 17.1% of the shares of the company are short sold.
SPDR S&P Health Care Equipment ETF Stock Down 0.3%
XHE traded down $0.23 during trading on Thursday, reaching $83.06. 254 shares of the company were exchanged, compared to its average volume of 18,973. The company’s 50-day moving average is $82.51 and its two-hundred day moving average is $84.34. The company has a market cap of $137.05 million, a price-to-earnings ratio of 29.20 and a beta of 1.05. SPDR S&P Health Care Equipment ETF has a 12-month low of $73.50 and a 12-month high of $93.62.
Institutional Trading of SPDR S&P Health Care Equipment ETF
Institutional investors have recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC increased its position in shares of SPDR S&P Health Care Equipment ETF by 2.6% during the 4th quarter. Wealthfront Advisers LLC now owns 5,043 shares of the company’s stock valued at $445,000 after purchasing an additional 127 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in SPDR S&P Health Care Equipment ETF by 3.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,208 shares of the company’s stock worth $460,000 after acquiring an additional 159 shares during the last quarter. Truist Financial Corp grew its position in SPDR S&P Health Care Equipment ETF by 0.9% during the 4th quarter. Truist Financial Corp now owns 19,571 shares of the company’s stock worth $1,727,000 after acquiring an additional 172 shares during the last quarter. Vivaldi Capital Management LP grew its position in SPDR S&P Health Care Equipment ETF by 7.0% during the 3rd quarter. Vivaldi Capital Management LP now owns 3,214 shares of the company’s stock worth $253,000 after acquiring an additional 209 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its position in SPDR S&P Health Care Equipment ETF by 34.1% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 1,180 shares of the company’s stock worth $93,000 after acquiring an additional 300 shares during the last quarter.
SPDR S&P Health Care Equipment ETF Company Profile
The SPDR S&P Health Care Equipment ETF (XHE) is an exchange-traded fund that mostly invests in health care equity. The fund tracks an equal-weighted index of U.S. health care equipment and supplies companies. XHE was launched on Jan 26, 2011 and is managed by State Street.