PortfolioPlus S&P 500 ETF (NYSE:PPLC) Sees Significant Increase in Short Interest

PortfolioPlus S&P 500 ETF (NYSE:PPLC – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 81,295 shares, a growth of 176.8% from the September 15th total of 29,369 shares. Based on an average daily volume of 49,092 shares, the days-to-cover ratio is currently 1.7 days. Currently, 32.5% of the company’s shares are short sold.

PortfolioPlus S&P 500 ETF Stock Performance

PPLC stock traded down $0.08 during midday trading on Monday, hitting $46.17. The company had a trading volume of 6,407 shares, compared to its average volume of 264,468. PortfolioPlus S&P 500 ETF has a 52 week low of $43.74 and a 52 week high of $52.57. The stock’s 50 day moving average price is $46.03 and its 200 day moving average price is $48.14.

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