Short Interest in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Rises By 38.8%

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 6,556,074 shares, an increase of 38.8% from the December 31st total of 4,723,996 shares. Approximately 16.9% of the company’s shares are short sold. Based on an average trading volume of 3,096,478 shares, the short-interest ratio is currently 2.1 days. Based on an average trading volume of 3,096,478 shares, the short-interest ratio is currently 2.1 days. Approximately 16.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in SPDR S&P Metals & Mining ETF during the fourth quarter worth about $25,000. Lodestone Wealth Management LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth about $30,000. Private Wealth Asset Management LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the 2nd quarter worth about $30,000. Finally, Root Financial Partners LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter worth about $51,000. 86.55% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Metals & Mining ETF Stock Performance

SPDR S&P Metals & Mining ETF stock traded down $0.10 during trading on Monday, reaching $118.62. The company had a trading volume of 4,755,404 shares, compared to its average volume of 3,522,363. SPDR S&P Metals & Mining ETF has a 12-month low of $45.89 and a 12-month high of $135.68. The stock’s 50 day moving average price is $109.89 and its two-hundred day moving average price is $95.79. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 21.07 and a beta of 1.28.

SPDR S&P Metals & Mining ETF Company Profile