SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) Sees Significant Decrease in Short Interest

SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) was the recipient of a large decline in short interest during 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. Based on an average daily trading volume, of 122,991 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.4% of the company’s stock are sold short.

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

XES stock traded down $0.93 on Friday, hitting $120.46. 130,388 shares of the company’s stock were exchanged, compared to its average volume of 134,717. SPDR S&P Oil & Gas Equipment & Services ETF has a 12-month low of $59.59 and a 12-month high of $135.35. The firm has a 50 day moving average price of $122.22 and a two-hundred day moving average price of $103.80. The stock has a market cap of $525.21 million, a P/E ratio of 12.43 and a beta of 0.95.

Institutional Trading of SPDR S&P Oil & Gas Equipment & Services ETF

Several large investors have recently added to or reduced their stakes in the company. New Harbor Financial Group LLC purchased a new stake in SPDR S&P Oil & Gas Equipment & Services ETF during the 4th quarter valued at about $29,982,000. Goldman Sachs Group Inc. grew its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 127.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 124,579 shares of the company’s stock valued at $10,212,000 after purchasing an additional 69,820 shares during the last quarter. Black Swift Group LLC purchased a new stake in SPDR S&P Oil & Gas Equipment & Services ETF during the 4th quarter valued at about $5,943,000. LPL Financial LLC grew its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 64,929 shares of the company’s stock valued at $5,322,000 after purchasing an additional 11,148 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 1,260.6% during the 3rd quarter. Raymond James Financial Inc. now owns 59,159 shares of the company’s stock valued at $4,280,000 after purchasing an additional 54,811 shares during the last quarter.

About SPDR S&P Oil & Gas Equipment & Services ETF

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.