SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) Short Interest Update

SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 103,640 shares, a decline of 54.9% from the April 30th total of 229,557 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average daily volume of 122,991 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in SPDR S&P Oil & Gas Equipment & Services ETF during the 1st quarter worth approximately $32,000. Group One Trading LLC increased its holdings in SPDR S&P Oil & Gas Equipment & Services ETF by 100.0% during the 1st quarter. Group One Trading LLC now owns 315 shares of the company’s stock worth $37,000 after purchasing an additional 1,379,737 shares in the last quarter. Root Financial Partners LLC increased its holdings in SPDR S&P Oil & Gas Equipment & Services ETF by 66.0% during the 1st quarter. Root Financial Partners LLC now owns 347 shares of the company’s stock worth $40,000 after purchasing an additional 138 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in SPDR S&P Oil & Gas Equipment & Services ETF during the 1st quarter worth approximately $78,000. Finally, Osaic Holdings Inc. increased its holdings in SPDR S&P Oil & Gas Equipment & Services ETF by 50.7% during the 2nd quarter. Osaic Holdings Inc. now owns 1,423 shares of the company’s stock worth $90,000 after purchasing an additional 479 shares in the last quarter.

SPDR S&P Oil & Gas Equipment & Services ETF Stock Performance

Shares of NYSEARCA:XES traded up $0.28 during midday trading on Monday, reaching $120.74. The company’s stock had a trading volume of 163,745 shares, compared to its average volume of 134,997. The firm has a market capitalization of $526.43 million, a price-to-earnings ratio of 12.43 and a beta of 0.95. The firm has a 50 day moving average price of $122.33 and a two-hundred day moving average price of $104.23. SPDR S&P Oil & Gas Equipment & Services ETF has a fifty-two week low of $60.17 and a fifty-two week high of $135.35.

SPDR S&P Oil & Gas Equipment & Services ETF Company Profile

SPDR S&P Oil & Gas Equipment & Services ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Equipment & Services Select Industry Index. The S&P Oil & Gas Equipment & Services Select Industry Index represents the oil and gas equipment and services sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.