ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT – Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 8,848 shares, a growth of 227.7% from the April 30th total of 2,700 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 32,147 shares, the days-to-cover ratio is presently 0.3 days.
ProShares S&P 500 Ex-Technology ETF Stock Performance
ProShares S&P 500 Ex-Technology ETF stock traded down $0.67 during midday trading on Friday, reaching $108.21. 22,164 shares of the stock were exchanged, compared to its average volume of 19,657. The company’s fifty day moving average is $105.56 and its 200-day moving average is $105.06. The firm has a market cap of $275.94 million, a PE ratio of 22.39 and a beta of 0.87. ProShares S&P 500 Ex-Technology ETF has a 52 week low of $92.84 and a 52 week high of $109.18.
Institutional Trading of ProShares S&P 500 Ex-Technology ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ascentis Independent Advisors increased its holdings in ProShares S&P 500 Ex-Technology ETF by 87.4% during the 1st quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock worth $2,274,000 after acquiring an additional 10,464 shares during the period. EP Wealth Advisors LLC bought a new stake in ProShares S&P 500 Ex-Technology ETF during the 4th quarter worth approximately $239,000. Osaic Holdings Inc. increased its holdings in ProShares S&P 500 Ex-Technology ETF by 365.2% during the 4th quarter. Osaic Holdings Inc. now owns 1,470 shares of the company’s stock worth $153,000 after acquiring an additional 1,154 shares during the period. Jane Street Group LLC bought a new stake in ProShares S&P 500 Ex-Technology ETF during the 4th quarter worth approximately $865,000. Finally, Commonwealth Equity Services LLC bought a new stake in ProShares S&P 500 Ex-Technology ETF during the 4th quarter worth approximately $248,000.
ProShares S&P 500 Ex-Technology ETF Company Profile
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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