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SPDR S&P Biotech ETF (XBI) Short Interest Ratio & Short Volume

SPDR S&P Biotech ETF logo
$83.01 -0.67 (-0.80%)
Closing price 06/27/2025 04:10 PM Eastern
Extended Trading
$82.93 -0.08 (-0.10%)
As of 06/27/2025 07:54 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

SPDR S&P Biotech ETF Short Interest Data

SPDR S&P Biotech ETF (XBI) has a short interest of 77.98 million shares, representing 131.78% of the float (the number of shares available for trading by the public). This marks a 8.19% increase in short interest from the previous month. The short interest ratio (days to cover) is 6.3, indicating that it would take 6.3 days of the average trading volume of 9.39 million shares to cover all short positions.

Current Short Interest
77,980,000 shares
Previous Short Interest
72,080,000 shares
Change Vs. Previous Month
+8.19%
Dollar Volume Sold Short
$6.52 billion
Short Interest Ratio
6.3 Days to Cover
Last Record Date
June 15, 2025
Outstanding Shares
59,175,000 shares
Short Percent of Float
131.78%
Today's Trading Volume
11,030,165 shares
Average Trading Volume
9,390,985 shares
Today's Volume Vs. Average
117%
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XBI Short Interest Over Time

XBI Days to Cover Over Time

XBI Percentage of Float Shorted Over Time

SPDR S&P Biotech ETF Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
6/15/202577,980,000 shares $6.52 billion +8.2%131.8%6.3 $83.60
5/31/202572,080,000 shares $5.72 billion -2.0%121.7%6 $79.30
5/15/202573,560,000 shares $5.71 billion +1.1%N/A6.2 $77.58
4/30/202572,740,000 shares $6.03 billion +9.5%N/A6.4 $82.95
4/15/202566,410,000 shares $5.08 billion +5.9%N/A6.2 $76.54
3/14/202559,060,000 shares $5.15 billion +1.0%N/A6.7 $87.13
2/14/202557,390,000 shares $5.25 billion +2.2%N/A6.5 $91.41
1/31/202556,140,000 shares $5.20 billion -3.2%N/A5.9 $92.67

XBI Short Interest - Frequently Asked Questions

What is SPDR S&P Biotech ETF's current short interest?

Short interest is the volume of SPDR S&P Biotech ETF shares that have been sold short but have not yet been covered or closed out. As of June 15th, traders have sold 77,980,000 shares of XBI short. 131.78% of SPDR S&P Biotech ETF's shares are currently sold short. Learn More on SPDR S&P Biotech ETF's current short interest.

What is a good short interest ratio for SPDR S&P Biotech ETF?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. XBI shares currently have a short interest ratio of 6.0. Learn More on SPDR S&P Biotech ETF's short interest ratio.

Which institutional investors are shorting SPDR S&P Biotech ETF?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of SPDR S&P Biotech ETF: Quaker Wealth Management LLC, Jane Street Group LLC, Goldman Sachs Group Inc., Parallax Volatility Advisers L.P., Polar Asset Management Partners Inc., K2 Principal Fund L.P., Nantahala Capital Management LLC, Cubist Systematic Strategies LLC, Royal Bank of Canada, Caption Management LLC, Nomura Holdings Inc., Twin Tree Management LP, HAP Trading LLC, BNP Paribas Financial Markets, Eisler Capital Management Ltd., PEAK6 LLC, Affinity Asset Advisors LLC, Walleye Trading LLC, Walleye Capital LLC, Capital Fund Management S.A., Raymond James Financial Inc., Citigroup Inc., Valeo Financial Advisors LLC, and FNY Investment Advisers LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for SPDR S&P Biotech ETF?

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 131.78% of SPDR S&P Biotech ETF's floating shares are currently sold short.

Is SPDR S&P Biotech ETF's short interest increasing or decreasing?

SPDR S&P Biotech ETF saw a increase in short interest in June. As of June 15th, there was short interest totaling 77,980,000 shares, an increase of 8.2% from the previous total of 72,080,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

How does SPDR S&P Biotech ETF's short interest compare to its competitors?

131.78% of SPDR S&P Biotech ETF's shares are currently sold short. Here is how the short interest of companies compare to SPDR S&P Biotech ETF: iShares U.S. Medical Devices ETF (3.61%), iShares Biotechnology ETF (29.39%), iShares Global Healthcare ETF (0.19%), iShares U.S. Healthcare ETF (1.02%), Fidelity MSCI Health Care Index ETF (0.05%), First Trust NYSE Arca Biotechnology Index Fund (0.12%), First Trust Health Care AlphaDEX Fund (0.01%), Invesco S&P 500 Equal Weight Health Care ETF (1.16%), iShares U.S. Healthcare Providers ETF (2.37%), VanEck Pharmaceutical ETF (41.19%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($69.26 billion), Invesco QQQ ($25.22 billion), iShares Russell 2000 ETF ($20.33 billion), iShares 20+ Year Treasury Bond ETF ($9.99 billion), MicroStrategy Incorporated ($9.12 billion), Canadian Natural Resources Limited ($6.73 billion), SPDR S&P Biotech ETF ($6.52 billion), Invesco S&P 500 Equal Weight ETF ($5.60 billion), Financial Select Sector SPDR Fund ($4.64 billion), and iShares iBoxx $ Investment Grade Corporate Bond ETF ($4.59 billion). View all of the most shorted stocks.

What does it mean to sell short SPDR S&P Biotech ETF stock?

Short selling XBI is an investing strategy that aims to generate trading profit from SPDR S&P Biotech ETF as its price is falling. XBI shares are trading down $0.67 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against SPDR S&P Biotech ETF?

A short squeeze for SPDR S&P Biotech ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of XBI, which in turn drives the price of the stock up even further.

How often is SPDR S&P Biotech ETF's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including XBI, twice per month. The most recent reporting period available is June, 15 2025.




This page (NYSEARCA:XBI) was last updated on 6/28/2025 by MarketBeat.com Staff
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