ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Sees Significant Drop in Short Interest

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 3,878 shares, a decrease of 72.5% from the February 12th total of 14,078 shares. Based on an average daily volume of 14,647 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 14,647 shares, the days-to-cover ratio is currently 0.3 days.

ProShares S&P 500 Ex-Technology ETF Stock Performance

Shares of NYSEARCA SPXT traded down $1.39 during trading hours on Thursday, reaching $103.06. 11,058 shares of the stock were exchanged, compared to its average volume of 17,351. The firm has a market capitalization of $262.80 million, a price-to-earnings ratio of 22.39 and a beta of 0.91. The stock’s fifty day simple moving average is $106.29 and its 200 day simple moving average is $103.17. ProShares S&P 500 Ex-Technology ETF has a 52 week low of $79.66 and a 52 week high of $108.04.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new stake in ProShares S&P 500 Ex-Technology ETF during the second quarter worth about $1,081,000. Jane Street Group LLC bought a new position in ProShares S&P 500 Ex-Technology ETF in the 4th quarter valued at about $865,000. Armstrong Advisory Group Inc. increased its holdings in ProShares S&P 500 Ex-Technology ETF by 4.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 136,832 shares of the company’s stock valued at $14,212,000 after buying an additional 5,291 shares during the period. Susquehanna International Group LLP raised its position in shares of ProShares S&P 500 Ex-Technology ETF by 64.4% in the 3rd quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock valued at $952,000 after buying an additional 3,703 shares in the last quarter. Finally, Hengehold Capital Management LLC acquired a new position in shares of ProShares S&P 500 Ex-Technology ETF in the 3rd quarter valued at approximately $360,000.

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.