ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE – Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 715 shares, a decline of 82.3% from the April 15th total of 4,029 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 796 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in ProShares S&P 500 Ex-Energy ETF by 0.3% during the fourth quarter. JPMorgan Chase & Co. now owns 52,240 shares of the company’s stock valued at $3,860,000 after purchasing an additional 150 shares during the period. Royal Bank of Canada boosted its holdings in shares of ProShares S&P 500 Ex-Energy ETF by 6.7% in the fourth quarter. Royal Bank of Canada now owns 6,655 shares of the company’s stock valued at $492,000 after buying an additional 420 shares during the period. LPL Financial LLC boosted its holdings in shares of 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 valued at $2,047,000 after buying an additional 1,439 shares during the period. Bank of America Corp DE boosted its holdings in shares of ProShares S&P 500 Ex-Energy ETF by 11.6% in the third quarter. Bank of America Corp DE now owns 17,693 shares of the company’s stock valued at $1,277,000 after buying an additional 1,845 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in shares of 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 valued at $707,000 after buying an additional 2,143 shares during the period.
ProShares S&P 500 Ex-Energy ETF Stock Down 1.0%
NYSEARCA SPXE traded down $0.76 during trading on Tuesday, reaching $78.87. 274 shares of the stock traded hands, compared to its average volume of 1,631. The firm has a market cap of $81.24 million, a price-to-earnings ratio of 26.41 and a beta of 1.02. The stock’s 50-day moving average price is $73.39 and its 200 day moving average price is $73.69. ProShares S&P 500 Ex-Energy ETF has a fifty-two week low of $62.59 and a fifty-two week high of $79.78.
About ProShares S&P 500 Ex-Energy ETF
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.
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