Short Interest in ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) Increases By 98.8%

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,374 shares, a growth of 98.8% from the June 15th total of 691 shares. Based on an average trading volume of 1,501 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the shares of the company are sold short.

ProShares S&P 500 Ex-Energy ETF Stock Down 0.9%

ProShares S&P 500 Ex-Energy ETF stock traded down $0.74 on Friday, hitting $80.14. The company’s stock had a trading volume of 97 shares, compared to its average volume of 1,401. ProShares S&P 500 Ex-Energy ETF has a one year low of $67.28 and a one year high of $83.20. The firm has a market cap of $83.35 million, a P/E ratio of 26.41 and a beta of 1.02. The company has a fifty day moving average price of $80.35 and a 200-day moving average price of $76.06.

Hedge Funds Weigh In On ProShares S&P 500 Ex-Energy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in ProShares S&P 500 Ex-Energy ETF by 422.7% during the 2nd quarter. Bank of America Corp DE now owns 15,848 shares of the company’s stock worth $1,060,000 after acquiring an additional 12,816 shares during the last quarter. EP Wealth Advisors LLC bought a new position in ProShares S&P 500 Ex-Energy ETF in the 4th quarter valued at $620,000. Independent Financial Group LLC acquired a new position in ProShares S&P 500 Ex-Energy ETF in the first quarter worth $208,000. Private Advisor Group LLC boosted its stake in ProShares S&P 500 Ex-Energy ETF by 28.0% in the third quarter. Private Advisor Group LLC now owns 9,793 shares of the company’s stock worth $707,000 after purchasing an additional 2,143 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in ProShares S&P 500 Ex-Energy ETF by 5.5% in the fourth quarter. LPL Financial LLC now owns 27,710 shares of the company’s stock worth $2,047,000 after purchasing an additional 1,439 shares in the last quarter.

ProShares S&P 500 Ex-Energy ETF Company Profile

The ProShares S&P 500 ex-Energy ETF (SPXE) is an exchange-traded fund that is based on the S&P 500 Ex-Energy index. The fund tracks a market cap-weighted index of US large- and mid-cap stocks, excluding firms in the energy sector. SPXE was launched on Sep 22, 2015 and is managed by ProShares.