SPDR S&P Health Care Services ETF (NYSEARCA:XHS) Sees Significant Growth in Short Interest

SPDR S&P Health Care Services ETF (NYSEARCA:XHS) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 261,089 shares, an increase of 44.2% from the February 26th total of 181,058 shares. Based on an average daily volume of 6,589 shares, the days-to-cover ratio is presently 39.6 days. Approximately 29.0% of the company’s stock are sold short.

SPDR S&P Health Care Services ETF Trading Down 2.5%

Shares of XHS traded down $2.53 during mid-day trading on Friday, hitting $98.36. The company’s stock had a trading volume of 25,261 shares, compared to its average volume of 10,357. The company’s 50-day moving average is $106.35 and its 200-day moving average is $105.45. SPDR S&P Health Care Services ETF has a 52-week low of $87.64 and a 52-week high of $112.08. The firm has a market capitalization of $88.52 million, a price-to-earnings ratio of 18.60 and a beta of 0.97.

Institutional Trading of SPDR S&P Health Care Services ETF

A number of hedge funds have recently bought and sold shares of XHS. Arax Advisory Partners acquired a new position in SPDR S&P Health Care Services ETF during the 4th quarter valued at about $30,000. Strategic Wealth Advisors LLC acquired a new stake in SPDR S&P Health Care Services ETF in the fourth quarter worth about $59,000. Kestra Advisory Services LLC acquired a new stake in SPDR S&P Health Care Services ETF in the fourth quarter worth about $78,000. Kaizen Financial Strategies purchased a new stake in shares of SPDR S&P Health Care Services ETF during the third quarter worth about $206,000. Finally, Western Wealth Management LLC purchased a new stake in shares of SPDR S&P Health Care Services ETF during the fourth quarter worth about $209,000.

About SPDR S&P Health Care Services ETF

The SPDR S&P Health Care Services ETF (XHS) is an exchange-traded fund that mostly invests in health care equity. The fund tracks an equal-weighted index of US health care services companies, as defined by GICS. XHS was launched on Sep 28, 2011 and is managed by State Street.