XHE Stock Summary and Trading Ideas (SPDR S&P Health Care Equipment ETF | ARCA:XHE)

The SPDR S&P Health Care Equipment ETF before expenses seeks to closely match the returns and characteristics of the S&P Health Care Equipment Select Industry Index (index ticker: SPSIHE). The approach is designed to provide portfolios with low portfolio turnover accurate tracking and lower costs.

SPDR S&P Health Care Equipment ETF trades on the ARCA stock market under the symbol XHE.

As of April 26, 2024, XHE stock price climbed to $82.43 with 29,712 million shares trading.

XHE has a beta of 1.29, meaning it tends to be more sensitive to market movements. XHE has a correlation of 0.41 to the broad based SPY ETF.

XHE has a market cap of $253.47 million. This is considered a Small Cap stock.

In the last 3 years, XHE stock traded as high as $133.87 and as low as $66.20.

XHE has underperformed the market in the last year with a price return of -14.9% while the SPY ETF gained +27.4%. XHE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.0% and -1.7%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

XHE support price is $80.65 and resistance is $82.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XHE stock will trade within this expected range on the day.