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

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Wealthfront Advisers LLC lifted its position in 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 period. Sound Income Strategies LLC lifted its holdings in shares of SPDR S&P Health Care Equipment ETF by 310.9% during the 4th quarter. Sound Income Strategies LLC now owns 452 shares of the company’s stock valued at $40,000 after purchasing an additional 342 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of SPDR S&P Health Care Equipment ETF in the 3rd quarter valued at approximately $82,000. Vivaldi Capital Management LP raised its holdings 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 buying an additional 209 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of SPDR S&P Health Care Equipment ETF by 5.0% in the 3rd quarter. Bank of America Corp DE now owns 30,694 shares of the company’s stock valued at $2,417,000 after purchasing an additional 1,450 shares during the period.

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

Shares of SPDR S&P Health Care Equipment ETF stock opened at $86.57 on Friday. The stock has a market capitalization of $147.17 million, a P/E ratio of 29.20 and a beta of 1.01. The business’s fifty day moving average price is $89.08 and its 200 day moving average price is $83.26. SPDR S&P Health Care Equipment ETF has a twelve month low of $71.25 and a twelve month high of $96.27.

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.