SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Sees Large Decrease in Short Interest

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) saw a large drop in short interest in 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. Currently, 18.9% of the company’s stock are sold short. Based on an average trading volume of 30,457 shares, the short-interest ratio is presently 10.7 days. Based on an average trading volume of 30,457 shares, the short-interest ratio is presently 10.7 days. Currently, 18.9% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Truist Financial Corp boosted its position in SPDR S&P Health Care Equipment ETF by 6.3% during the second quarter. Truist Financial Corp now owns 24,750 shares of the company’s stock worth $2,010,000 after purchasing an additional 1,458 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of SPDR S&P Health Care Equipment ETF during the 2nd quarter worth about $111,000. Wealthfront Advisers LLC raised its holdings in SPDR S&P Health Care Equipment ETF by 7.2% in the 2nd quarter. Wealthfront Advisers LLC now owns 3,113 shares of the company’s stock valued at $253,000 after acquiring an additional 209 shares during the period. Envestnet Asset Management Inc. grew its position in shares of SPDR S&P Health Care Equipment ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 34,679 shares of the company’s stock valued at $2,816,000 after purchasing an additional 2,224 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its stake in shares of SPDR S&P Health Care Equipment ETF by 47.9% during the second quarter. Y.D. More Investments Ltd now owns 454 shares of the company’s stock worth $37,000 after purchasing an additional 147 shares during the period.

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

NYSEARCA XHE opened at $86.57 on Friday. SPDR S&P Health Care Equipment ETF has a 12 month low of $71.25 and a 12 month high of $96.27. The stock has a 50 day moving average of $89.08 and a 200-day moving average of $83.26. The company has a market cap of $147.17 million, a PE ratio of 29.20 and a beta of 1.01.

About SPDR S&P Health Care Equipment ETF

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.