ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 5,738 shares, an increase of 147.5% from the May 31st total of 2,318 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 10,580 shares, the days-to-cover ratio is presently 0.5 days.
ProShares S&P 500 Ex-Technology ETF Price Performance
ProShares S&P 500 Ex-Technology ETF stock traded up $0.96 during trading hours on Wednesday, hitting $109.22. The stock had a trading volume of 690 shares, compared to its average volume of 18,557. The stock has a market capitalization of $278.51 million, a price-to-earnings ratio of 22.39 and a beta of 0.86. ProShares S&P 500 Ex-Technology ETF has a 1-year low of $95.10 and a 1-year high of $109.51. The stock’s fifty day moving average is $107.65 and its two-hundred day moving average is $105.93.
Institutional Investors Weigh In On ProShares S&P 500 Ex-Technology ETF
A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new position in ProShares S&P 500 Ex-Technology ETF during the 2nd quarter valued at about $1,081,000. Ascentis Independent Advisors grew its position in shares of ProShares S&P 500 Ex-Technology ETF by 87.4% in the first quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock valued at $2,274,000 after purchasing an additional 10,464 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the fourth quarter valued at approximately $865,000. Armstrong Advisory Group Inc. increased its stake in shares of ProShares S&P 500 Ex-Technology ETF by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 136,832 shares of the company’s stock worth $14,212,000 after purchasing an additional 5,291 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of ProShares S&P 500 Ex-Technology ETF by 64.4% during the 3rd quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock worth $952,000 after purchasing an additional 3,703 shares in the last quarter.
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.
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