ProShares Large Cap Core Plus (BATS:CSM) Sees Significant Increase in Short Interest

ProShares Large Cap Core Plus (BATS:CSM) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 8,411 shares, a growth of 49,376.5% from the May 31st total of 17 shares. Based on an average daily trading volume, of 8,035 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the shares of the stock are sold short.

ProShares Large Cap Core Plus Stock Performance

ProShares Large Cap Core Plus stock traded down $0.36 during trading on Thursday, reaching $83.72. The company had a trading volume of 11,354 shares, compared to its average volume of 7,753. The firm has a market capitalization of $529.95 million, a PE ratio of 20.56 and a beta of 1.02. The firm’s 50-day simple moving average is $84.21 and its 200 day simple moving average is $80.58. ProShares Large Cap Core Plus has a 1-year low of $69.32 and a 1-year high of $87.60.

Hedge Funds Weigh In On ProShares Large Cap Core Plus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSM. Fifth Third Bancorp acquired a new stake in shares of ProShares Large Cap Core Plus in the fourth quarter valued at about $25,000. JPMorgan Chase & Co. acquired a new position in shares of ProShares Large Cap Core Plus during the 2nd quarter worth about $26,000. Sequent Planning LLC purchased a new position in ProShares Large Cap Core Plus in the 4th quarter valued at about $212,000. Stratos Wealth Partners LTD. purchased a new position in ProShares Large Cap Core Plus in the 4th quarter valued at about $243,000. Finally, Two Sigma Investments LP acquired a new stake in ProShares Large Cap Core Plus in the 3rd quarter worth about $276,000.

About ProShares Large Cap Core Plus

The ProShares Large Cap Core Plus (CSM) is an exchange-traded fund that is based on the Credit Suisse 130\u002F30 Large Cap index. The fund tracks a long\u002Fshort index of the 500 largest US stocks. It uses a set of rules to assign weights to each equity that add up to 130% long and 30% short exposure. CSM was launched on Jul 14, 2009 and is managed by ProShares.