SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sees Large Drop in Short Interest

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 5,100,423 shares, a decline of 13.5% from the January 29th total of 5,896,406 shares. Based on an average trading volume of 3,221,963 shares, the days-to-cover ratio is presently 1.6 days. Currently, 32.6% of the company’s shares are short sold. Currently, 32.6% of the company’s shares are short sold. Based on an average trading volume of 3,221,963 shares, the days-to-cover ratio is presently 1.6 days.

SPDR S&P Homebuilders ETF Stock Down 0.6%

Shares of XHB stock traded down $0.68 during trading hours on Wednesday, hitting $110.77. 448,093 shares of the company’s stock traded hands, compared to its average volume of 2,844,547. The stock has a market cap of $1.73 billion, a PE ratio of 11.47 and a beta of 1.29. The stock’s 50 day simple moving average is $112.52 and its 200 day simple moving average is $110.31. SPDR S&P Homebuilders ETF has a 12 month low of $84.48 and a 12 month high of $123.13.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Several large investors have recently modified their holdings of the company. Assetmark Inc. boosted its position in SPDR S&P Homebuilders ETF by 424.0% in the second quarter. Assetmark Inc. now owns 262 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 212 shares during the last quarter. Founders Financial Alliance LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the 3rd quarter worth about $27,000. Elevated Capital Advisors LLC purchased a new stake in SPDR S&P Homebuilders ETF during the fourth quarter worth about $28,000. Strive Financial Group LLC purchased a new stake in SPDR S&P Homebuilders ETF during the fourth quarter worth about $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in SPDR S&P Homebuilders ETF in the fourth quarter worth about $32,000.

About SPDR S&P Homebuilders ETF

SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding 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.