Short Interest in SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Rises By 112.3%

by · The Cerbat Gem

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 626,989 shares, an increase of 112.3% from the April 15th total of 295,343 shares. Based on an average trading volume of 57,984 shares, the short-interest ratio is currently 10.8 days. Approximately 39.2% of the company’s stock are sold short.

Hedge Funds Weigh In On SPDR S&P Health Care Equipment ETF

Several institutional investors and hedge funds have recently modified their holdings of XHE. Sound Income Strategies LLC boosted its holdings in SPDR S&P Health Care Equipment ETF by 310.9% in the fourth quarter. Sound Income Strategies LLC now owns 452 shares of the company’s stock worth $40,000 after purchasing an additional 342 shares in the last quarter. Advisory Services Network LLC bought a new stake in SPDR S&P Health Care Equipment ETF in the third quarter worth $82,000. Capital Investment Advisory Services LLC boosted its holdings in SPDR S&P Health Care Equipment ETF by 34.1% in the third quarter. Capital Investment Advisory Services LLC now owns 1,180 shares of the company’s stock worth $93,000 after purchasing an additional 300 shares in the last quarter. Quantum Private Wealth LLC bought a new stake in SPDR S&P Health Care Equipment ETF in the fourth quarter worth $221,000. Finally, Vivaldi Capital Management LP boosted its holdings in SPDR S&P Health Care Equipment ETF by 7.0% in the third quarter. Vivaldi Capital Management LP now owns 3,214 shares of the company’s stock worth $253,000 after purchasing an additional 209 shares in the last quarter.

SPDR S&P Health Care Equipment ETF Stock Down 1.7%

Shares of SPDR S&P Health Care Equipment ETF stock traded down $1.35 on Friday, hitting $77.51. 11,800 shares of the company traded hands, compared to its average volume of 24,139. The company has a 50-day moving average price of $80.30 and a 200 day moving average price of $84.50. SPDR S&P Health Care Equipment ETF has a 12-month low of $75.63 and a 12-month high of $93.62. The company has a market cap of $124.02 million, a PE ratio of 29.20 and a beta of 0.99.

SPDR S&P Health Care Equipment ETF Company Profile

(Get Free Report)

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.

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