SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) Short Interest Down 16.4% in January

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOPGet Free Report) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 15,045,424 shares, a decrease of 16.4% from the January 15th total of 18,002,863 shares. Based on an average daily volume of 4,733,428 shares, the short-interest ratio is currently 3.2 days. Approximately 92.9% of the shares of the company are short sold. Approximately 92.9% of the shares of the company are short sold. Based on an average daily volume of 4,733,428 shares, the short-interest ratio is currently 3.2 days.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Performance

NYSEARCA:XOP traded up $2.58 during trading hours on Wednesday, reaching $147.98. The stock had a trading volume of 2,750,720 shares, compared to its average volume of 4,483,128. The stock has a 50 day simple moving average of $133.30 and a 200 day simple moving average of $130.97. SPDR S&P Oil & Gas Exploration & Production ETF has a 12-month low of $99.01 and a 12-month high of $149.50. The stock has a market cap of $2.40 billion, a P/E ratio of 11.28 and a beta of 0.95.

Institutional Investors Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Abound Wealth Management purchased a new position in SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter worth $25,000. Financial Gravity Companies Inc. purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the second quarter valued at about $28,000. Godfrey Financial Associates Inc. purchased a new stake in SPDR S&P Oil & Gas Exploration & Production ETF in the 4th quarter worth approximately $30,000. Winthrop Capital Management LLC raised its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 84.4% in the 2nd quarter. Winthrop Capital Management LLC now owns 236 shares of the company’s stock worth $30,000 after purchasing an additional 108 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in SPDR S&P Oil & Gas Exploration & Production ETF by 360.3% in the third quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $38,000 after buying an additional 227 shares during the period.

SPDR S&P Oil & Gas Exploration & Production ETF News Roundup

Here are the key news stories impacting SPDR S&P Oil & Gas Exploration & Production ETF this week:

About SPDR S&P Oil & Gas Exploration & Production ETF

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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. 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.

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