(XHE) SPDR S&P Health Care - Ratings and Ratios

The SPDR® S&P Health Care Equipment ETF (NYSE Arca:XHE) is designed to track the performance of the S&P Health Care Equipment Select Industry Index, which is a subset of the S&P Total Market Index (S&P TMI). The fund uses a sampling strategy to achieve this, meaning it invests in a representative portfolio of securities that closely replicates the indexs performance rather than holding every single security. It allocates at least 80% of its total assets to securities included in the index, with the remainder potentially invested in other securities. The index itself focuses on companies in the health care equipment sector, particularly those involved in the manufacturing of medical devices, equipment, and related products.

The funds technical indicators suggest a bearish outlook. The last price of 88.55 is below both the 20-day (91.93) and 50-day (91.64) simple moving averages (SMA), indicating downward momentum. The 200-day SMA (88.64) is slightly above the current price, suggesting potential resistance. The Average True Range (ATR) of 1.36 indicates moderate volatility. With an average volume of 13,367 shares over the past 20 days, liquidity is relatively low compared to larger ETFs. The funds assets under management (AUS) of $209.90M reflect its niche focus on the health care equipment sector.