ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 8,848 shares, a growth of 227.7% from the April 30th total of 2,700 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 32,147 shares, the short-interest ratio is currently 0.3 days.
ProShares S&P 500 Ex-Technology ETF Trading Down 0.8%
NYSEARCA SPXT traded down $0.85 during mid-day trading on Friday, reaching $108.03. 29,008 shares of the company’s stock traded hands, compared to its average volume of 19,728. ProShares S&P 500 Ex-Technology ETF has a 1-year low of $92.84 and a 1-year high of $109.18. The company has a fifty day simple moving average of $105.67 and a 200-day simple moving average of $105.08. The company has a market cap of $275.48 million, a price-to-earnings ratio of 22.39 and a beta of 0.87.
Institutional Investors Weigh In On ProShares S&P 500 Ex-Technology ETF
A number of hedge funds have recently bought and sold shares of the business. Ascentis Independent Advisors grew its stake in ProShares S&P 500 Ex-Technology ETF by 87.4% during the 1st quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock valued at $2,274,000 after purchasing an additional 10,464 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in ProShares S&P 500 Ex-Technology ETF during the 4th quarter valued at approximately $239,000. Osaic Holdings Inc. grew its stake in ProShares S&P 500 Ex-Technology ETF by 365.2% during the 4th quarter. Osaic Holdings Inc. now owns 1,470 shares of the company’s stock valued at $153,000 after purchasing an additional 1,154 shares in the last quarter. Jane Street Group LLC acquired a new stake in ProShares S&P 500 Ex-Technology ETF during the 4th quarter valued at approximately $865,000. Finally, Commonwealth Equity Services LLC acquired a new stake in ProShares S&P 500 Ex-Technology ETF during the 4th quarter valued at approximately $248,000.
About ProShares S&P 500 Ex-Technology ETF
The ProShares S&P 500 ex-Technology ETF (SPXT) is an exchange-traded fund that is based on the S&P 500 Ex-Information Technology index, a market-cap-weighted index of US large-cap stocks, excluding firms in the technology sector. SPXT was launched on Sep 22, 2015 and is managed by ProShares.
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