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

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 294,617 shares, a drop of 18.8% from the March 15th total of 362,691 shares. Approximately 17.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,885 shares, the short-interest ratio is currently 13.5 days.

SPDR S&P Health Care Equipment ETF Stock Down 0.3%

SPDR S&P Health Care Equipment ETF stock traded down $0.23 during trading hours on Thursday, hitting $83.06. 254 shares of the company traded hands, compared to its average volume of 18,973. The firm has a market cap of $137.05 million, a P/E ratio of 29.20 and a beta of 1.05. The firm’s 50-day simple moving average is $82.51 and its two-hundred day simple moving average is $84.34. SPDR S&P Health Care Equipment ETF has a 1-year low of $73.50 and a 1-year high of $93.62.

Hedge Funds Weigh In On SPDR S&P Health Care Equipment ETF

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. grew its stake in shares of SPDR S&P Health Care Equipment ETF by 6.2% in the 2nd quarter. Raymond James Financial Inc. now owns 13,376 shares of the company’s stock worth $1,086,000 after purchasing an additional 781 shares during the last quarter. Bank of America Corp DE increased its position in SPDR S&P Health Care Equipment ETF by 49.4% during the second quarter. Bank of America Corp DE now owns 29,244 shares of the company’s stock worth $2,375,000 after acquiring an additional 9,667 shares during the period. Modern Wealth Management LLC increased its position in SPDR S&P Health Care Equipment ETF by 22.1% during the second quarter. Modern Wealth Management LLC now owns 19,164 shares of the company’s stock worth $1,556,000 after acquiring an additional 3,475 shares during the period. Capital Investment Advisory Services LLC increased its holdings in SPDR S&P Health Care Equipment ETF by 34.1% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 1,180 shares of the company’s stock valued at $93,000 after buying an additional 300 shares during the period. Finally, Wealthfront Advisers LLC increased its holdings in SPDR S&P Health Care Equipment ETF by 57.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 4,916 shares of the company’s stock valued at $387,000 after buying an additional 1,803 shares during the period.

About SPDR S&P Health Care Equipment ETF

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.