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 target of a large growth in short interest in 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 company are sold short. Based on an average daily volume of 57,984 shares, the days-to-cover ratio is currently 10.8 days.

Institutional Trading of SPDR S&P Health Care Equipment ETF

Institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its position in shares of SPDR S&P Health Care Equipment ETF by 3.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,208 shares of the company’s stock valued at $460,000 after acquiring an additional 159 shares during the period. Empowered Funds LLC bought a new stake in shares of SPDR S&P Health Care Equipment ETF during the 4th quarter valued at $1,613,000. Royal Bank of Canada lifted its position in shares of SPDR S&P Health Care Equipment ETF by 202.2% during the 4th quarter. Royal Bank of Canada now owns 15,434 shares of the company’s stock valued at $1,361,000 after acquiring an additional 10,327 shares during the period. Vivaldi Capital Management LP lifted its position in shares of SPDR S&P Health Care Equipment ETF by 12.0% during the 4th quarter. Vivaldi Capital Management LP now owns 3,601 shares of the company’s stock valued at $318,000 after acquiring an additional 387 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of SPDR S&P Health Care Equipment ETF by 18.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,023 shares of the company’s stock valued at $443,000 after acquiring an additional 768 shares during the period.

SPDR S&P Health Care Equipment ETF Price Performance

XHE traded up $1.13 during trading on Monday, hitting $78.64. The stock had a trading volume of 13,236 shares, compared to its average volume of 24,020. The company has a 50 day moving average price of $80.30 and a 200-day moving average price of $84.52. The firm has a market cap of $125.82 million, a price-to-earnings ratio of 29.20 and a beta of 0.99. SPDR S&P Health Care Equipment ETF has a one year low of $75.63 and a one year high of $93.62.

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.