Health Care SPDR (XLV) Sees Large Drop in Short Interest

Health Care SPDR (NYSEARCA:XLV) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 20,632,824 shares, a decline of 14.9% from the January 12th total of 24,245,333 shares. Based on an average daily trading volume, of 9,573,627 shares, the days-to-cover ratio is currently 2.2 days.

Health Care SPDR (NYSEARCA:XLV) opened at $82.93 on Wednesday. The stock has a market capitalization of $15,780.00 and a PE ratio of 6.42. Health Care SPDR has a fifty-two week low of $71.93 and a fifty-two week high of $91.79.

Several hedge funds have recently modified their holdings of XLV. Alliancebernstein L.P. acquired a new position in shares of Health Care SPDR in the 2nd quarter valued at about $575,000. FMR LLC increased its stake in shares of Health Care SPDR by 4.3% in the 2nd quarter. FMR LLC now owns 40,390 shares of the exchange traded fund’s stock valued at $3,201,000 after purchasing an additional 1,682 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Health Care SPDR by 47.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 5,715 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 1,841 shares in the last quarter. State Street Corp increased its stake in shares of Health Care SPDR by 937.9% in the 2nd quarter. State Street Corp now owns 1,785,625 shares of the exchange traded fund’s stock valued at $141,492,000 after purchasing an additional 1,613,582 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Health Care SPDR by 838.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 66,115 shares of the exchange traded fund’s stock valued at $5,239,000 after purchasing an additional 59,072 shares in the last quarter.

ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/02/14/health-care-spdr-xlv-sees-large-drop-in-short-interest.html.

About Health Care SPDR

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500).

Receive News & Ratings for Health Care SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Care SPDR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply