SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Short Interest Down 16.4% in January

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 15,045,424 shares, a decrease of 16.4% from the January 15th total of 18,002,863 shares. Approximately 92.9% of the company’s shares are short sold. Based on an average daily volume of 4,733,428 shares, the short-interest ratio is presently 3.2 days. Based on an average daily volume of 4,733,428 shares, the short-interest ratio is presently 3.2 days. Approximately 92.9% of the company’s shares are short sold.

Institutional Trading of SPDR S&P Oil & Gas Exploration & Production ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 280.0% in the second quarter. JPMorgan Chase & Co. now owns 2,975,222 shares of the company’s stock worth $374,283,000 after acquiring an additional 2,192,315 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 241.9% in the 4th quarter. Wells Fargo & Company MN now owns 383,331 shares of the company’s stock valued at $48,399,000 after purchasing an additional 271,214 shares during the last quarter. SG Americas Securities LLC raised its position in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 792.5% in the 3rd quarter. SG Americas Securities LLC now owns 253,594 shares of the company’s stock valued at $33,525,000 after purchasing an additional 225,181 shares during the last quarter. Marshall Wace LLP acquired a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter worth approximately $28,088,000. Finally, Quadrature Capital Ltd grew its position in SPDR S&P Oil & Gas Exploration & Production ETF by 139.7% during the 3rd quarter. Quadrature Capital Ltd now owns 222,891 shares of the company’s stock worth $29,462,000 after purchasing an additional 129,890 shares during the last quarter.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Up 2.3%

XOP traded up $3.26 during trading hours on Monday, reaching $147.89. 4,568,018 shares of the company’s stock traded hands, compared to its average volume of 4,599,174. The firm has a 50-day moving average price of $132.81 and a 200 day moving average price of $130.68. The firm has a market capitalization of $2.40 billion, a PE ratio of 11.28 and a beta of 0.95. SPDR S&P Oil & Gas Exploration & Production ETF has a 52-week low of $99.01 and a 52-week high of $149.33.

SPDR S&P Oil & Gas Exploration & Production ETF Company Profile

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production 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.