ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT – Get Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 2,700 shares, a decline of 54.8% from the April 15th total of 5,974 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 38,928 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On ProShares S&P 500 Ex-Technology ETF
A number of hedge funds have recently added to or reduced their stakes in SPXT. Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares S&P 500 Ex-Technology ETF in the third quarter valued at approximately $30,000. Osaic Holdings Inc. boosted its position in shares of ProShares S&P 500 Ex-Technology ETF by 365.2% during the fourth quarter. Osaic Holdings Inc. now owns 1,470 shares of the company’s stock valued at $153,000 after buying an additional 1,154 shares during the last quarter. Betterment LLC purchased a new position in shares of ProShares S&P 500 Ex-Technology ETF during the fourth quarter valued at approximately $230,000. EP Wealth Advisors LLC purchased a new position in shares of ProShares S&P 500 Ex-Technology ETF during the fourth quarter valued at approximately $239,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of ProShares S&P 500 Ex-Technology ETF during the third quarter valued at approximately $240,000.
ProShares S&P 500 Ex-Technology ETF Stock Performance
ProShares S&P 500 Ex-Technology ETF stock traded down $1.12 during mid-day trading on Friday, reaching $107.47. The stock had a trading volume of 4,841 shares, compared to its average volume of 20,413. ProShares S&P 500 Ex-Technology ETF has a fifty-two week low of $91.56 and a fifty-two week high of $109.18. The stock’s 50-day simple moving average is $104.82 and its 200-day simple moving average is $104.60. The firm has a market capitalization of $274.05 million, a PE ratio of 22.39 and a beta of 0.87.
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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