Short Interest in SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) Increases By 88.1%

SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 194,996 shares, an increase of 88.1% from the May 14th total of 103,640 shares. Based on an average daily trading volume, of 117,984 shares, the short-interest ratio is presently 1.7 days. Approximately 4.5% of the shares of the stock are short sold.

SPDR S&P Oil & Gas Equipment & Services ETF Stock Performance

Shares of XES opened at $123.72 on Monday. SPDR S&P Oil & Gas Equipment & Services ETF has a 1 year low of $62.67 and a 1 year high of $135.35. The stock has a 50 day simple moving average of $123.42 and a 200-day simple moving average of $107.02. The stock has a market cap of $539.42 million, a PE ratio of 12.43 and a beta of 0.91.

Hedge Funds Weigh In On SPDR S&P Oil & Gas Equipment & Services ETF

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new position in shares of SPDR S&P Oil & Gas Equipment & Services ETF in the 1st quarter worth approximately $32,000. Group One Trading LLC raised its holdings in shares of SPDR S&P Oil & Gas Equipment & Services ETF by 100.0% in the 1st quarter. Group One Trading LLC now owns 315 shares of the company’s stock worth $37,000 after buying an additional 1,379,737 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of SPDR S&P Oil & Gas Equipment & Services ETF by 66.0% in the 1st 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. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of SPDR S&P Oil & Gas Equipment & Services ETF in the 1st quarter worth approximately $78,000. Finally, Osaic Holdings Inc. raised its holdings in shares of SPDR S&P Oil & Gas Equipment & Services ETF by 50.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,423 shares of the company’s stock worth $90,000 after buying an additional 479 shares in the last quarter.

About SPDR S&P Oil & Gas Equipment & Services ETF

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.