SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) Short Interest Update

SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 194,996 shares, a growth of 88.1% from the May 14th total of 103,640 shares. Based on an average daily trading volume, of 117,984 shares, the days-to-cover ratio is presently 1.7 days. Approximately 4.5% of the shares of the company are short sold.

Hedge Funds Weigh In On SPDR S&P Oil & Gas Equipment & Services ETF

Large investors have recently bought and sold shares of the business. Fifth Third Bancorp acquired a new position in SPDR S&P Oil & Gas Equipment & Services ETF in the 1st quarter worth about $32,000. Group One Trading LLC raised its holdings in SPDR S&P Oil & Gas Equipment & Services ETF by 100.0% in the 1st quarter. Group One Trading LLC now owns 315 shares of the company’s stock worth $37,000 after purchasing an additional 1,379,737 shares during the period. Root Financial Partners LLC raised its holdings in SPDR S&P Oil & Gas Equipment & Services ETF by 66.0% in the 1st quarter. Root Financial Partners LLC now owns 347 shares of the company’s stock worth $40,000 after purchasing an additional 138 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in SPDR S&P Oil & Gas Equipment & Services ETF in the 1st quarter worth about $78,000. Finally, Osaic Holdings Inc. raised its holdings in SPDR S&P Oil & Gas Equipment & Services ETF by 50.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,423 shares of the company’s stock worth $90,000 after purchasing an additional 479 shares during the period.

SPDR S&P Oil & Gas Equipment & Services ETF Stock Down 2.5%

Shares of XES traded down $2.97 during mid-day trading on Tuesday, reaching $117.22. The company had a trading volume of 69,548 shares, compared to its average volume of 130,186. SPDR S&P Oil & Gas Equipment & Services ETF has a 52-week low of $62.67 and a 52-week high of $135.35. The stock has a market capitalization of $511.08 million, a P/E ratio of 12.43 and a beta of 0.91. The stock has a 50 day moving average of $123.55 and a two-hundred day moving average of $107.57.

About SPDR S&P Oil & Gas Equipment & Services ETF

SPDR S&P Oil & Gas Equipment & Services ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Equipment & Services Select Industry Index. The S&P Oil & Gas Equipment & Services Select Industry Index represents the oil and gas equipment and services sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.