Short Interest in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Declines By 21.0%

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 5,178,146 shares, a decrease of 21.0% from the January 15th total of 6,556,074 shares. Currently, 13.6% of the company’s shares are short sold. Based on an average trading volume of 3,825,701 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 3,825,701 shares, the days-to-cover ratio is currently 1.4 days. Currently, 13.6% of the company’s shares are short sold.

SPDR S&P Metals & Mining ETF Trading Up 1.0%

NYSEARCA:XME traded up $1.15 during trading hours on Monday, hitting $117.83. 2,687,940 shares of the stock traded hands, compared to its average volume of 3,375,881. The firm has a 50 day moving average price of $114.79 and a 200 day moving average price of $98.94. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 21.07 and a beta of 1.28. SPDR S&P Metals & Mining ETF has a fifty-two week low of $45.89 and a fifty-two week high of $135.68.

Institutional Investors Weigh In On SPDR S&P Metals & Mining ETF

Several hedge funds have recently bought and sold shares of XME. Menora Mivtachim Holdings LTD. grew its stake in SPDR S&P Metals & Mining ETF by 225.5% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 2,793,050 shares of the exchange traded fund’s stock valued at $187,749,000 after acquiring an additional 1,935,000 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 2,642.0% during the second quarter. JPMorgan Chase & Co. now owns 1,959,322 shares of the exchange traded fund’s stock worth $131,706,000 after purchasing an additional 1,887,867 shares during the period. Bank of Nova Scotia grew its position in SPDR S&P Metals & Mining ETF by 412.3% during the fourth quarter. Bank of Nova Scotia now owns 1,035,072 shares of the exchange traded fund’s stock valued at $107,244,000 after purchasing an additional 833,020 shares in the last quarter. Citigroup Inc. increased its stake in SPDR S&P Metals & Mining ETF by 179.3% in the 3rd quarter. Citigroup Inc. now owns 485,894 shares of the exchange traded fund’s stock valued at $45,281,000 after buying an additional 311,902 shares during the period. Finally, Tidal Investments LLC acquired a new position in SPDR S&P Metals & Mining ETF in the 3rd quarter valued at approximately $19,342,000. 86.55% of the stock is owned by hedge funds and other institutional investors.

About SPDR S&P Metals & Mining ETF