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

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of a significant increase in short interest during 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. Currently, 16.9% of the company’s shares are sold short. Based on an average daily volume of 3,096,478 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 3,096,478 shares, the short-interest ratio is presently 2.1 days. Currently, 16.9% of the company’s shares are sold short.

Institutional Trading of SPDR S&P Metals & Mining ETF

Several institutional investors and hedge funds have recently made changes to their positions in XME. Riggs Asset Managment Co. Inc. increased its position in SPDR S&P Metals & Mining ETF by 2.3% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 4,234 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 94 shares during the period. MGO One Seven LLC boosted its stake in shares of SPDR S&P Metals & Mining ETF by 1.9% during the third quarter. MGO One Seven LLC now owns 6,363 shares of the exchange traded fund’s stock valued at $593,000 after purchasing an additional 118 shares in the last quarter. Assetmark Inc. increased its holdings in SPDR S&P Metals & Mining ETF by 33.0% during the third quarter. Assetmark Inc. now owns 572 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 142 shares during the period. RPg Family Wealth Advisory LLC raised its stake in SPDR S&P Metals & Mining ETF by 1.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 12,699 shares of the exchange traded fund’s stock worth $854,000 after buying an additional 171 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. raised its position in shares of SPDR S&P Metals & Mining ETF by 2.8% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,351 shares of the exchange traded fund’s stock worth $685,000 after acquiring an additional 197 shares in the last quarter. 86.55% of the stock is currently owned by institutional investors.

SPDR S&P Metals & Mining ETF Price Performance

Shares of XME traded down $8.05 during mid-day trading on Friday, reaching $118.72. 6,682,333 shares of the company’s stock traded hands, compared to its average volume of 3,460,938. The stock’s 50-day moving average is $109.89 and its two-hundred day moving average is $95.63. The stock has a market cap of $4.45 billion, a P/E ratio of 21.07 and a beta of 1.28. SPDR S&P Metals & Mining ETF has a 12 month low of $45.89 and a 12 month high of $135.68.

SPDR S&P Metals & Mining ETF Company Profile