SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Sees Significant Increase in Short Interest

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 626,989 shares, an increase of 112.3% from the April 15th total of 295,343 shares. Based on an average daily volume of 57,984 shares, the days-to-cover ratio is presently 10.8 days. Approximately 39.2% of the company’s shares are sold short.

SPDR S&P Health Care Equipment ETF Stock Performance

NYSEARCA:XHE opened at $77.51 on Friday. SPDR S&P Health Care Equipment ETF has a 52 week low of $75.63 and a 52 week high of $93.62. The firm has a market cap of $124.02 million, a P/E ratio of 29.20 and a beta of 0.99. The firm’s fifty day moving average is $80.30 and its 200-day moving average is $84.50.

Institutional Investors Weigh In On SPDR S&P Health Care Equipment ETF

Hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC increased its holdings in shares of SPDR S&P Health Care Equipment ETF by 310.9% in the 4th quarter. Sound Income Strategies LLC now owns 452 shares of the company’s stock worth $40,000 after buying an additional 342 shares during the last quarter. Advisory Services Network LLC purchased a new position in SPDR S&P Health Care Equipment ETF in the third quarter worth $82,000. Capital Investment Advisory Services LLC grew its position in SPDR S&P Health Care Equipment ETF by 34.1% in the third quarter. Capital Investment Advisory Services LLC now owns 1,180 shares of the company’s stock worth $93,000 after acquiring an additional 300 shares in the last quarter. Quantum Private Wealth LLC bought a new position in SPDR S&P Health Care Equipment ETF in the fourth quarter valued at $221,000. Finally, Vivaldi Capital Management LP increased its stake in SPDR S&P Health Care Equipment ETF by 7.0% in the third quarter. Vivaldi Capital Management LP now owns 3,214 shares of the company’s stock valued at $253,000 after acquiring an additional 209 shares during the last quarter.

SPDR S&P Health Care Equipment ETF Company Profile

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.