SPDR S&P Oil & Gas Explore & Prod. (XOP) Short Interest Down 3.2% in January

SPDR S&P Oil & Gas Explore & Prod. (NYSEARCA:XOP) was the target of a significant decline in short interest in the month of January. As of January 12th, there was short interest totalling 46,987,893 shares, a decline of 3.2% from the December 29th total of 48,517,913 shares. Based on an average trading volume of 14,270,410 shares, the days-to-cover ratio is presently 3.3 days.

A number of institutional investors have recently added to or reduced their stakes in XOP. Insight 2811 Inc. acquired a new position in SPDR S&P Oil & Gas Explore & Prod. in the 3rd quarter valued at approximately $206,000. MML Investors Services LLC acquired a new position in SPDR S&P Oil & Gas Explore & Prod. in the 2nd quarter valued at approximately $226,000. Legacy Advisors LLC acquired a new position in SPDR S&P Oil & Gas Explore & Prod. in the 3rd quarter valued at approximately $231,000. Arthur Zaske & Associates LLC acquired a new position in SPDR S&P Oil & Gas Explore & Prod. in the 3rd quarter valued at approximately $247,000. Finally, Ballentine Partners LLC increased its stake in SPDR S&P Oil & Gas Explore & Prod. by 47.4% in the 4th quarter. Ballentine Partners LLC now owns 7,200 shares of the company’s stock valued at $268,000 after buying an additional 2,315 shares during the period.

Shares of SPDR S&P Oil & Gas Explore & Prod. (XOP) opened at $35.51 on Monday. SPDR S&P Oil & Gas Explore & Prod. has a 1-year low of $28.96 and a 1-year high of $40.96. The stock has a market cap of $2,400.00 and a P/E ratio of -1.62.

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SPDR S&P Oil & Gas Explore & Prod. Company Profile

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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