SPDR S&P Oil & Gas Explor & Prodtn ETF (NYSEARCA:XOP) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 59,434,333 shares, a decrease of 9.5% from the November 15th total of 65,687,742 shares. Based on an average daily trading volume, of 14,236,005 shares, the days-to-cover ratio is presently 4.2 days.

Several institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. grew its position in SPDR S&P Oil & Gas Explor & Prodtn ETF by 209,530.5% during the third quarter. Bessemer Group Inc. now owns 2,232,565 shares of the company’s stock valued at $76,108,000 after buying an additional 2,231,500 shares during the period. Pictet Asset Management Ltd. grew its position in SPDR S&P Oil & Gas Explor & Prodtn ETF by 102.6% during the third quarter. Pictet Asset Management Ltd. now owns 2,235,000 shares of the company’s stock valued at $76,191,000 after buying an additional 1,132,000 shares during the period. Seatown Holdings Pte. Ltd. acquired a new stake in SPDR S&P Oil & Gas Explor & Prodtn ETF during the third quarter valued at $23,863,000. JPMorgan Chase & Co. grew its position in shares of SPDR S&P Oil & Gas Explor & Prodtn ETF by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 8,502,959 shares of the company’s stock valued at $290,803,000 after purchasing an additional 528,748 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of SPDR S&P Oil & Gas Explor & Prodtn ETF by 88.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 659,378 shares of the company’s stock valued at $21,047,000 after purchasing an additional 308,920 shares during the period.

SPDR S&P Oil & Gas Explor & Prodtn ETF (XOP) opened at $35.68 on Thursday. SPDR S&P Oil & Gas Explor & Prodtn ETF has a one year low of $28.96 and a one year high of $42.67.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th will be issued a $0.0645 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.72%. SPDR S&P Oil & Gas Explor & Prodtn ETF’s dividend payout ratio is currently -1.28%.

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About SPDR S&P Oil & Gas Explor & Prodtn ETF

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.

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