ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Sees Significant Drop in Short Interest

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 3,648 shares, a drop of 20.2% from the March 15th total of 4,574 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 12,054 shares, the short-interest ratio is presently 0.3 days.

ProShares S&P 500 Ex-Technology ETF Trading Down 0.1%

SPXT stock traded down $0.06 during mid-day trading on Thursday, hitting $106.58. 3,425 shares of the company were exchanged, compared to its average volume of 15,568. The business has a 50 day simple moving average of $104.57 and a 200-day simple moving average of $103.64. The stock has a market capitalization of $256.86 million, a PE ratio of 22.39 and a beta of 0.90. ProShares S&P 500 Ex-Technology ETF has a 1-year low of $83.38 and a 1-year high of $108.04.

Institutional Investors Weigh In On ProShares S&P 500 Ex-Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SPXT. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the third quarter valued at approximately $30,000. Osaic Holdings Inc. raised its position in shares of ProShares S&P 500 Ex-Technology ETF by 365.2% in 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 in the last quarter. Betterment LLC acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the fourth quarter valued at approximately $230,000. EP Wealth Advisors LLC acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the fourth quarter valued at approximately $239,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the third quarter valued at approximately $240,000.

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.