SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) Short Interest Update

SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 103,640 shares, a decrease of 54.9% from the April 30th total of 229,557 shares. Based on an average daily trading volume, of 122,991 shares, the short-interest ratio is currently 0.8 days. Approximately 2.4% of the company’s stock are short sold.

SPDR S&P Oil & Gas Equipment & Services ETF Stock Up 2.6%

XES stock traded up $3.12 during midday trading on Tuesday, hitting $123.86. 93,180 shares of the company traded hands, compared to its average volume of 134,595. SPDR S&P Oil & Gas Equipment & Services ETF has a twelve month low of $60.43 and a twelve month high of $135.35. The business has a 50 day simple moving average of $122.33 and a 200-day simple moving average of $104.23. The stock has a market capitalization of $540.03 million, a price-to-earnings ratio of 12.43 and a beta of 0.95.

Institutional Investors Weigh In On SPDR S&P Oil & Gas Equipment & Services ETF

Several hedge funds and other institutional investors have recently modified their holdings of XES. Root Financial Partners LLC boosted its stake in SPDR S&P Oil & Gas Equipment & Services ETF by 66.0% during the first quarter. Root Financial Partners LLC now owns 347 shares of the company’s stock worth $40,000 after buying an additional 138 shares in the last quarter. UBS Group AG lifted its holdings in shares of SPDR S&P Oil & Gas Equipment & Services ETF by 1.3% during the third quarter. UBS Group AG now owns 12,597 shares of the company’s stock valued at $911,000 after acquiring an additional 166 shares during the period. Fifth Third Bancorp bought a new position in shares of SPDR S&P Oil & Gas Equipment & Services ETF during the first quarter valued at $32,000. Osaic Holdings Inc. raised its holdings in shares of SPDR S&P Oil & Gas Equipment & Services ETF by 50.7% in the second quarter. Osaic Holdings Inc. now owns 1,423 shares of the company’s stock valued at $90,000 after buying an additional 479 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of SPDR S&P Oil & Gas Equipment & Services ETF in the first quarter valued at about $78,000.

SPDR S&P Oil & Gas Equipment & Services ETF Company Profile

SPDR S&P Oil & Gas Equipment & Services ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Equipment & Services Select Industry Index. The S&P Oil & Gas Equipment & Services Select Industry Index represents the oil and gas equipment and services 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.