Short Interest in SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Declines By 29.7%

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 326,153 shares, a decline of 29.7% from the December 31st total of 464,091 shares. Approximately 18.9% of the shares of the company are short sold. Based on an average daily trading volume, of 30,457 shares, the short-interest ratio is currently 10.7 days. Based on an average daily trading volume, of 30,457 shares, the short-interest ratio is currently 10.7 days. Approximately 18.9% of the shares of the company are short sold.

SPDR S&P Health Care Equipment ETF Stock Up 0.4%

SPDR S&P Health Care Equipment ETF stock traded up $0.38 during mid-day trading on Friday, hitting $86.57. 18,136 shares of the company’s stock traded hands, compared to its average volume of 21,432. SPDR S&P Health Care Equipment ETF has a one year low of $71.25 and a one year high of $96.27. The company has a market cap of $147.17 million, a PE ratio of 29.20 and a beta of 1.01. The firm has a 50 day moving average price of $89.08 and a 200 day moving average price of $83.29.

Institutional Trading of SPDR S&P Health Care Equipment ETF

Several institutional investors have recently modified their holdings of XHE. Bank of America Corp DE lifted its stake in SPDR S&P Health Care Equipment ETF by 49.4% during the second quarter. Bank of America Corp DE now owns 29,244 shares of the company’s stock valued at $2,375,000 after buying an additional 9,667 shares in the last quarter. Modern Wealth Management LLC boosted its position in shares of SPDR S&P Health Care Equipment ETF by 22.1% in the second quarter. Modern Wealth Management LLC now owns 19,164 shares of the company’s stock worth $1,556,000 after buying an additional 3,475 shares during the period. Envestnet Asset Management Inc. raised its position in SPDR S&P Health Care Equipment ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 34,679 shares of the company’s stock valued at $2,816,000 after buying an additional 2,224 shares during the period. Wealthfront Advisers LLC lifted its stake in SPDR S&P Health Care Equipment ETF by 57.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 4,916 shares of the company’s stock worth $387,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Truist Financial Corp boosted its position in SPDR S&P Health Care Equipment ETF by 6.3% during the 2nd quarter. Truist Financial Corp now owns 24,750 shares of the company’s stock worth $2,010,000 after acquiring an additional 1,458 shares during the period.

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.