ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Sees Significant Increase in Short Interest

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 741 shares, a growth of 135.2% from the December 15th total of 315 shares. Based on an average trading volume of 285 shares, the short-interest ratio is currently 2.6 days. Currently, 2.5% of the shares of the company are short sold. Currently, 2.5% of the shares of the company are short sold. Based on an average trading volume of 285 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Supply Chain Logistics ETF stock. Simplex Trading LLC acquired a new stake in ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,002 shares of the company’s stock, valued at approximately $113,000. Simplex Trading LLC owned 12.01% of ProShares Supply Chain Logistics ETF at the end of the most recent quarter.

ProShares Supply Chain Logistics ETF Stock Performance

Shares of SUPL stock traded up $0.29 during mid-day trading on Thursday, hitting $41.72. 323 shares of the stock were exchanged, compared to its average volume of 852. The stock’s fifty day simple moving average is $39.75 and its two-hundred day simple moving average is $38.67. ProShares Supply Chain Logistics ETF has a 12-month low of $31.79 and a 12-month high of $42.14. The stock has a market capitalization of $1.25 million, a price-to-earnings ratio of 13.60 and a beta of 1.13.

About ProShares Supply Chain Logistics ETF

The ProShares Supply Chain Logistics ETF (SUPL) is an exchange-traded fund that is based on the FactSet Supply Chain Logistics index, a market-cap-weighted index of companies involved in the supply chain logistics of raw materials, intermediate goods, and finished products around the globe. SUPL was launched on Apr 6, 2022 and is managed by ProShares.