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30.95 Percent of SPDR S&P Metals and Mining XME Shares Shorted
By Market News Video Staff, Thursday, October 28, 8:17 AM ET
There are 4,255,600 shares short of the SPDR S&P Metals and Mining ETF (AMEX:XME) according to data provided to ETFChannel.com from ShortSqueeze.com on ETFChannel's Most Heavily Shorted ETFs toplist.
There are 14.7 million shares outstanding, so this means that 30.95% of XME shares have been shorted, making it the 24th most shorted ETF that ETFChannel.com covers.
Top holdings of this ETF include Massey Energy (MEE), Freeport-McMoRan Copper & Gold (NYSE:FCX), Hecla Mining (NYSE:HL), Alcoa (NYSE:AA) and Stillwater Mining (NYSE:SWC).
It would take approximately 1.1 days for shorts to cover the shorted shares of XME.
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