Short Interest in SPDR S&P Oil & Gas Explore & Prod. (XOP) Decreases By 13.3%

SPDR S&P Oil & Gas Explore & Prod. (NYSEARCA:XOP) was the recipient of a large decrease in short interest in December. As of December 29th, there was short interest totalling 48,517,913 shares, a decrease of 13.3% from the December 15th total of 55,991,242 shares. Based on an average daily volume of 14,490,371 shares, the short-interest ratio is currently 3.3 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in XOP. Ameriprise Financial Inc. boosted its holdings in shares of SPDR S&P Oil & Gas Explore & Prod. by 1,025.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 20,897 shares of the company’s stock valued at $667,000 after purchasing an additional 19,040 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of SPDR S&P Oil & Gas Explore & Prod. by 17.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,437,878 shares of the company’s stock valued at $45,897,000 after purchasing an additional 216,351 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of SPDR S&P Oil & Gas Explore & Prod. during the 2nd quarter valued at about $530,000. MML Investors Services LLC bought a new position in shares of SPDR S&P Oil & Gas Explore & Prod. during the 2nd quarter valued at about $226,000. Finally, Mariner Wealth Advisors LLC boosted its holdings in shares of SPDR S&P Oil & Gas Explore & Prod. by 4.2% during the 2nd quarter. Mariner Wealth Advisors LLC now owns 32,367 shares of the company’s stock valued at $1,033,000 after purchasing an additional 1,294 shares during the last quarter.

Shares of SPDR S&P Oil & Gas Explore & Prod. (NYSEARCA XOP) opened at $39.72 on Tuesday. SPDR S&P Oil & Gas Explore & Prod. has a 12 month low of $28.96 and a 12 month high of $42.13. The stock has a market capitalization of $2,770.00 and a price-to-earnings ratio of -1.81.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were paid a $0.0645 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.26 dividend on an annualized basis and a yield of 0.65%. SPDR S&P Oil & Gas Explore & Prod.’s payout ratio is presently -1.28%.

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About SPDR S&P Oil & Gas Explore & Prod.

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.

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