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

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 6,556,074 shares, a growth of 38.8% from the December 31st total of 4,723,996 shares. Approximately 16.9% of the shares of the stock are sold short. Based on an average trading volume of 3,096,478 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 3,096,478 shares, the days-to-cover ratio is presently 2.1 days. Approximately 16.9% of the shares of the stock are sold short.

Institutional Trading of SPDR S&P Metals & Mining ETF

Several hedge funds have recently made changes to their positions in XME. Lodestone Wealth Management LLC purchased a new stake in SPDR S&P Metals & Mining ETF during the fourth quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in SPDR S&P Metals & Mining ETF in the fourth quarter worth $25,000. Private Wealth Asset Management LLC purchased a new position in SPDR S&P Metals & Mining ETF during the second quarter worth $30,000. Geneos Wealth Management Inc. bought a new position in SPDR S&P Metals & Mining ETF during the fourth quarter valued at $30,000. Finally, Root Financial Partners LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the third quarter valued at $51,000. 86.55% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Metals & Mining ETF Trading Down 6.4%

Shares of XME stock traded down $8.05 on Friday, reaching $118.72. The company’s stock had a trading volume of 6,682,333 shares, compared to its average volume of 3,460,938. The stock’s fifty day simple moving average is $109.89 and its 200-day simple moving average is $95.63. SPDR S&P Metals & Mining ETF has a 1 year low of $45.89 and a 1 year high of $135.68. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 21.07 and a beta of 1.28.

About SPDR S&P Metals & Mining ETF