Short Interest in SPDR S&P Health Care Services ETF (NYSEARCA:XHS) Rises By 44.2%

SPDR S&P Health Care Services ETF (NYSEARCA:XHS) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 261,089 shares, an increase of 44.2% from the February 26th total of 181,058 shares. Currently, 29.0% of the company’s shares are sold short. Based on an average daily volume of 6,589 shares, the short-interest ratio is presently 39.6 days.

SPDR S&P Health Care Services ETF Stock Down 2.5%

Shares of XHS stock traded down $2.53 during trading hours on Friday, hitting $98.36. 25,261 shares of the company’s stock traded hands, compared to its average volume of 10,357. The stock has a market cap of $88.52 million, a PE ratio of 18.60 and a beta of 0.97. The stock’s 50 day simple moving average is $106.35 and its 200 day simple moving average is $105.41. SPDR S&P Health Care Services ETF has a 12 month low of $87.64 and a 12 month high of $112.08.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in shares of SPDR S&P Health Care Services ETF by 187.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 115,554 shares of the company’s stock worth $12,348,000 after purchasing an additional 75,346 shares during the period. LPL Financial LLC boosted its position in SPDR S&P Health Care Services ETF by 57.0% during the fourth quarter. LPL Financial LLC now owns 50,350 shares of the company’s stock valued at $5,380,000 after acquiring an additional 18,286 shares during the last quarter. Raymond James Financial Inc. grew its holdings in SPDR S&P Health Care Services ETF by 11.1% during the 3rd quarter. Raymond James Financial Inc. now owns 23,170 shares of the company’s stock worth $2,353,000 after acquiring an additional 2,311 shares during the period. Bank of America Corp DE grew its holdings in SPDR S&P Health Care Services ETF by 10.7% during the 3rd quarter. Bank of America Corp DE now owns 14,818 shares of the company’s stock worth $1,505,000 after acquiring an additional 1,437 shares during the period. Finally, Goodman Advisory Group LLC raised its position in shares of SPDR S&P Health Care Services ETF by 552.4% in the 4th quarter. Goodman Advisory Group LLC now owns 10,529 shares of the company’s stock worth $1,125,000 after acquiring an additional 8,915 shares in the last quarter.

About SPDR S&P Health Care Services ETF

The SPDR S&P Health Care Services ETF (XHS) is an exchange-traded fund that mostly invests in health care equity. The fund tracks an equal-weighted index of US health care services companies, as defined by GICS. XHS was launched on Sep 28, 2011 and is managed by State Street.