SPDR S&P Health Care Services ETF (NYSEARCA:XHS) Short Interest Up 44.2% in March

SPDR S&P Health Care Services ETF (NYSEARCA:XHS) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 261,089 shares, an increase of 44.2% from the February 26th total of 181,058 shares. Currently, 29.0% of the company’s shares are short sold. Based on an average daily volume of 6,589 shares, the days-to-cover ratio is currently 39.6 days.

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

A number of institutional investors have recently modified their holdings of the company. Arax Advisory Partners acquired a new position in SPDR S&P Health Care Services ETF during the fourth quarter worth $30,000. Strategic Wealth Advisors LLC bought a new stake in SPDR S&P Health Care Services ETF during the 4th quarter worth approximately $59,000. Kestra Advisory Services LLC bought a new stake in SPDR S&P Health Care Services ETF during the 4th quarter worth approximately $78,000. Kaizen Financial Strategies purchased a new stake in shares of SPDR S&P Health Care Services ETF in the third quarter worth approximately $206,000. Finally, Western Wealth Management LLC bought a new position in shares of SPDR S&P Health Care Services ETF in the fourth quarter valued at approximately $209,000.

SPDR S&P Health Care Services ETF Price Performance

Shares of NYSEARCA:XHS traded down $2.53 during mid-day trading on Friday, hitting $98.36. The company had a trading volume of 25,261 shares, compared to its average volume of 10,357. The firm has a fifty day moving average price of $106.35 and a 200 day moving average price of $105.41. The company has a market capitalization of $88.52 million, a PE ratio of 18.60 and a beta of 0.97. SPDR S&P Health Care Services ETF has a one year low of $87.64 and a one year high of $112.08.

About SPDR S&P Health Care Services ETF

The SPDR S&P Health Care Services ETF (XHS) is an exchange-traded fund that mostly invests in health care equity. The fund tracks an equal-weighted index of US health care services companies, as defined by GICS. XHS was launched on Sep 28, 2011 and is managed by State Street.