Short Interest in SPDR S&P Oil & Gas Explore & Prod. (XOP) Drops By 5.8%

SPDR S&P Oil & Gas Explore & Prod. (NYSEARCA:XOP) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 55,991,242 shares, a decline of 5.8% from the November 30th total of 59,434,333 shares. Based on an average daily trading volume, of 14,551,238 shares, the short-interest ratio is currently 3.8 days.

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in SPDR S&P Oil & Gas Explore & Prod. by 6.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,502,959 shares of the company’s stock valued at $290,803,000 after buying an additional 528,748 shares during the period. Lockheed Martin Investment Management Co. raised its holdings in SPDR S&P Oil & Gas Explore & Prod. by 7.1% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 315,000 shares of the company’s stock valued at $10,738,000 after buying an additional 21,000 shares during the period. Woodmont Investment Counsel LLC purchased a new stake in SPDR S&P Oil & Gas Explore & Prod. in the 2nd quarter valued at about $530,000. SOL Capital Management CO raised its holdings in SPDR S&P Oil & Gas Explore & Prod. by 11.0% in the 3rd quarter. SOL Capital Management CO now owns 216,227 shares of the company’s stock valued at $7,371,000 after buying an additional 21,475 shares during the period. Finally, Ingalls & Snyder LLC raised its holdings in SPDR S&P Oil & Gas Explore & Prod. by 41.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 18,435 shares of the company’s stock valued at $628,000 after buying an additional 5,365 shares during the period.

Shares of SPDR S&P Oil & Gas Explore & Prod. (XOP) opened at $38.54 on Friday. The stock has a market cap of $2,740.00 and a PE ratio of -1.76. SPDR S&P Oil & Gas Explore & Prod. has a fifty-two week low of $28.96 and a fifty-two week high of $42.27.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were issued a $0.0645 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.26 annualized dividend and a yield of 0.67%. SPDR S&P Oil & Gas Explore & Prod.’s dividend payout ratio (DPR) is currently -1.28%.

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SPDR S&P Oil & Gas Explore & Prod. Company Profile

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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