ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Short Interest Up 191.3% in July

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 6,379 shares, an increase of 191.3% from the June 30th total of 2,190 shares. Based on an average daily volume of 1,101 shares, the days-to-cover ratio is presently 5.8 days. Approximately 12.8% of the shares of the stock are short sold.

ProShares Supply Chain Logistics ETF Stock Performance

Shares of SUPL stock traded down $0.15 on Tuesday, reaching $47.31. 480 shares of the company were exchanged, compared to its average volume of 965. The company has a market cap of $2.37 million, a price-to-earnings ratio of 13.60 and a beta of 1.06. The business has a 50-day moving average price of $46.73 and a 200 day moving average price of $44.71. ProShares Supply Chain Logistics ETF has a 1 year low of $36.69 and a 1 year high of $50.16.

ProShares Supply Chain Logistics ETF Company Profile

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.