SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 626,989 shares, a growth of 112.3% from the April 15th total of 295,343 shares. Approximately 39.2% of the shares of the stock are sold short. Based on an average daily volume of 57,984 shares, the days-to-cover ratio is currently 10.8 days.
SPDR S&P Health Care Equipment ETF Trading Down 1.7%
Shares of NYSEARCA XHE opened at $77.51 on Friday. The stock’s 50-day moving average is $80.30 and its 200 day moving average is $84.50. The stock has a market cap of $124.02 million, a price-to-earnings ratio of 29.20 and a beta of 0.99. SPDR S&P Health Care Equipment ETF has a 1-year low of $75.63 and a 1-year high of $93.62.
Institutional Trading of SPDR S&P Health Care Equipment ETF
Several hedge funds have recently added to or reduced their stakes in XHE. Sound Income Strategies LLC boosted its position in SPDR S&P Health Care Equipment ETF by 310.9% during the fourth quarter. Sound Income Strategies LLC now owns 452 shares of the company’s stock valued at $40,000 after buying an additional 342 shares during the period. Advisory Services Network LLC bought a new stake in shares of SPDR S&P Health Care Equipment ETF in the 3rd quarter valued at about $82,000. Capital Investment Advisory Services LLC boosted its holdings in SPDR S&P Health Care Equipment ETF by 34.1% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 1,180 shares of the company’s stock valued at $93,000 after acquiring an additional 300 shares during the period. Quantum Private Wealth LLC bought a new position in SPDR S&P Health Care Equipment ETF during the 4th quarter worth approximately $221,000. Finally, Vivaldi Capital Management LP grew its position 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 acquiring an additional 209 shares during the last quarter.
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.
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