SPDR S&P Oil & Gas Exploration & Production ETF (XOP) Sees Large Growth in Short Interest

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 80,709,537 shares, a growth of 5.0% from the October 15th total of 76,833,875 shares. Based on an average daily volume of 20,739,174 shares, the short-interest ratio is currently 3.9 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Financial Private Capital LLC raised its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 7.7% during the 3rd quarter. Global Financial Private Capital LLC now owns 30,420 shares of the company’s stock worth $1,317,000 after acquiring an additional 2,187 shares during the period. Ingalls & Snyder LLC raised its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 11.1% during the 2nd quarter. Ingalls & Snyder LLC now owns 23,870 shares of the company’s stock worth $1,028,000 after acquiring an additional 2,385 shares during the period. Hollencrest Capital Management raised its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 1.4% during the 3rd quarter. Hollencrest Capital Management now owns 176,815 shares of the company’s stock worth $7,655,000 after acquiring an additional 2,400 shares during the period. Qube Research & Technologies Ltd bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 2nd quarter worth approximately $112,000. Finally, IFP Advisors Inc raised its stake in SPDR S&P Oil & Gas Exploration & Production ETF by 108.5% during the 3rd quarter. IFP Advisors Inc now owns 5,823 shares of the company’s stock worth $252,000 after acquiring an additional 3,030 shares during the period.

NYSEARCA XOP opened at $36.39 on Friday. SPDR S&P Oil & Gas Exploration & Production ETF has a 12 month low of $30.98 and a 12 month high of $45.45.

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About SPDR S&P Oil & Gas Exploration & Production ETF

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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