ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Sees Large Increase in Short Interest

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 3,963 shares, an increase of 63.8% from the December 31st total of 2,419 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 2,044 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 2,044 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.8% of the shares of the stock are sold short.

ProShares S&P 500 EX-Health Care ETF Stock Performance

NYSEARCA SPXV traded down $0.23 during mid-day trading on Friday, reaching $75.63. 452 shares of the stock were exchanged, compared to its average volume of 1,723. ProShares S&P 500 EX-Health Care ETF has a 1-year low of $51.95 and a 1-year high of $76.40. The business’s fifty day simple moving average is $74.91 and its 200 day simple moving average is $73.00. The stock has a market capitalization of $36.30 million, a PE ratio of 26.44 and a beta of 1.06.

Institutional Investors Weigh In On ProShares S&P 500 EX-Health Care ETF

Institutional investors have recently bought and sold shares of the stock. Forteris Wealth Management Inc. purchased a new position in ProShares S&P 500 EX-Health Care ETF during the fourth quarter worth approximately $451,000. Truefg LLC raised its position in shares of ProShares S&P 500 EX-Health Care ETF by 35.5% in the 4th quarter. Truefg LLC now owns 13,391 shares of the company’s stock worth $999,000 after buying an additional 3,508 shares during the period. Cozad Asset Management Inc. acquired a new position in ProShares S&P 500 EX-Health Care ETF in the third quarter valued at $203,000. Bank of America Corp DE grew its position in ProShares S&P 500 EX-Health Care ETF by 815.0% during the second quarter. Bank of America Corp DE now owns 13,835 shares of the company’s stock valued at $938,000 after acquiring an additional 12,323 shares during the period. Finally, Western Wealth Management LLC grew its holdings in shares of ProShares S&P 500 EX-Health Care ETF by 3.7% during the 2nd quarter. Western Wealth Management LLC now owns 5,151 shares of the company’s stock worth $349,000 after purchasing an additional 183 shares during the period.

About ProShares S&P 500 EX-Health Care ETF

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.