ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,911 shares, an increase of 300.4% from the September 30th total of 727 shares. Based on an average daily volume of 691 shares, the days-to-cover ratio is presently 4.2 days. Approximately 0.6% of the company’s shares are short sold.
Hedge Funds Weigh In On ProShares S&P 500 EX-Health Care ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in shares of ProShares S&P 500 EX-Health Care ETF in the third quarter worth about $936,000. Adirondack Trust Co. purchased a new position in ProShares S&P 500 EX-Health Care ETF during the third quarter valued at approximately $148,000. Finally, Hoey Investments Inc. purchased a new position in ProShares S&P 500 EX-Health Care ETF during the third quarter valued at approximately $125,000.
ProShares S&P 500 EX-Health Care ETF Stock Performance
ProShares S&P 500 EX-Health Care ETF stock traded down $1.93 during mid-day trading on Friday, reaching $82.14. 208 shares of the company were exchanged, compared to its average volume of 1,087. The firm has a market cap of $40.25 million, a P/E ratio of 26.44 and a beta of 1.06. The business has a fifty day moving average of $83.94 and a 200 day moving average of $79.86. ProShares S&P 500 EX-Health Care ETF has a 12-month low of $69.02 and a 12-month high of $85.57.
ProShares S&P 500 EX-Health Care ETF Company Profile
The ProShares S&P 500 ex-Health Care ETF (SPXV) is an exchange-traded fund that is based on the S&P 500 Ex-Health Care index, a market-cap-weighted index of US large-cap stocks, excluding firms in the healthcare sector. SPXV was launched on Sep 22, 2015 and is managed by ProShares.
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