SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Short Interest Down 29.7% in January

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 326,153 shares, a drop of 29.7% from the December 31st total of 464,091 shares. Approximately 18.9% of the shares of the company are short sold. Based on an average daily volume of 30,457 shares, the short-interest ratio is currently 10.7 days. Based on an average daily volume of 30,457 shares, the short-interest ratio is currently 10.7 days. Approximately 18.9% of the shares of the company are short sold.

SPDR S&P Health Care Equipment ETF Trading Down 0.2%

XHE traded down $0.21 during trading on Monday, reaching $86.36. 7,266 shares of the company were exchanged, compared to its average volume of 20,756. SPDR S&P Health Care Equipment ETF has a 52 week low of $71.25 and a 52 week high of $95.84. The firm has a 50 day moving average of $89.08 and a 200 day moving average of $83.33. The stock has a market cap of $146.81 million, a P/E ratio of 29.20 and a beta of 1.01.

Institutional Trading of SPDR S&P Health Care Equipment ETF

Several hedge funds have recently bought and sold shares of XHE. Bank of America Corp DE grew its position in SPDR S&P Health Care Equipment ETF by 49.4% in the 2nd quarter. Bank of America Corp DE now owns 29,244 shares of the company’s stock worth $2,375,000 after purchasing an additional 9,667 shares during the last quarter. Modern Wealth Management LLC grew its holdings in SPDR S&P Health Care Equipment ETF by 22.1% in the 2nd quarter. Modern Wealth Management LLC now owns 19,164 shares of the company’s stock worth $1,556,000 after buying an additional 3,475 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in SPDR S&P Health Care Equipment ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 34,679 shares of the company’s stock worth $2,816,000 after buying an additional 2,224 shares in the last quarter. Wealthfront Advisers LLC increased its position in SPDR S&P Health Care Equipment ETF by 57.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 4,916 shares of the company’s stock valued at $387,000 after acquiring an additional 1,803 shares during the period. Finally, Truist Financial Corp raised its stake in SPDR S&P Health Care Equipment ETF by 6.3% during the 2nd quarter. Truist Financial Corp now owns 24,750 shares of the company’s stock valued at $2,010,000 after acquiring an additional 1,458 shares in 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.