SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Short Interest Up 38.8% in January

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 6,556,074 shares, a growth of 38.8% from the December 31st total of 4,723,996 shares. Based on an average trading volume of 3,096,478 shares, the days-to-cover ratio is currently 2.1 days. Approximately 16.9% of the company’s shares are sold short. Approximately 16.9% of the company’s shares are sold short. Based on an average trading volume of 3,096,478 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lodestone Wealth Management LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC bought a new position in SPDR S&P Metals & Mining ETF during the 4th quarter valued at about $25,000. Private Wealth Asset Management LLC purchased a new stake in SPDR S&P Metals & Mining ETF in the 2nd quarter worth about $30,000. Geneos Wealth Management Inc. bought a new stake in SPDR S&P Metals & Mining ETF in the fourth quarter worth about $30,000. Finally, Root Financial Partners LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF during the third quarter valued at approximately $51,000. 86.55% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Metals & Mining ETF Price Performance

NYSEARCA:XME opened at $118.62 on Tuesday. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 21.07 and a beta of 1.28. The business has a 50 day simple moving average of $110.43 and a 200-day simple moving average of $96.10. SPDR S&P Metals & Mining ETF has a 1 year low of $45.89 and a 1 year high of $135.68.

SPDR S&P Metals & Mining ETF Company Profile