Short Interest in Health Care SPDR (XLV) Decreases By 14.9%
Health Care SPDR (NYSEARCA:XLV) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 20,632,824 shares, a decrease of 14.9% from the January 12th total of 24,245,333 shares. Based on an average trading volume of 9,573,627 shares, the days-to-cover ratio is presently 2.2 days.
Shares of Health Care SPDR (XLV) opened at $83.87 on Thursday. The stock has a market cap of $15,960.00 and a price-to-earnings ratio of 6.49. Health Care SPDR has a fifty-two week low of $72.17 and a fifty-two week high of $91.79.
Large investors have recently modified their holdings of the stock. Miracle Mile Advisors LLC boosted its holdings in Health Care SPDR by 2.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 224,004 shares of the exchange traded fund’s stock worth $18,521,000 after purchasing an additional 6,167 shares in the last quarter. Bank of Montreal Can boosted its holdings in Health Care SPDR by 29.9% during the fourth quarter. Bank of Montreal Can now owns 134,555 shares of the exchange traded fund’s stock valued at $11,124,000 after acquiring an additional 30,973 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Health Care SPDR by 32.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 51,049 shares of the exchange traded fund’s stock valued at $4,173,000 after acquiring an additional 12,506 shares during the period. Raymond James Trust N.A. boosted its holdings in Health Care SPDR by 46.2% during the fourth quarter. Raymond James Trust N.A. now owns 6,874 shares of the exchange traded fund’s stock valued at $568,000 after acquiring an additional 2,173 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Health Care SPDR during the third quarter valued at about $425,000.
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).
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