ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Short Interest Down 25.9% in March

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 866 shares, a decrease of 25.9% from the February 26th total of 1,169 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 1,343 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of ProShares S&P 500 EX-Health Care ETF in the 4th quarter valued at $134,000. Cozad Asset Management Inc. purchased a new position in ProShares S&P 500 EX-Health Care ETF in the 3rd quarter worth $203,000. Forteris Wealth Management Inc. bought a new stake in ProShares S&P 500 EX-Health Care ETF in the fourth quarter worth $451,000. Bank of America Corp DE boosted 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 buying an additional 12,323 shares during the period. Finally, LPL Financial LLC boosted its position in ProShares S&P 500 EX-Health Care ETF by 29.6% during the fourth quarter. LPL Financial LLC now owns 12,857 shares of the company’s stock valued at $959,000 after buying an additional 2,936 shares during the period.

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

SPXV traded down $1.16 on Friday, reaching $69.33. The company had a trading volume of 831 shares, compared to its average volume of 1,724. ProShares S&P 500 EX-Health Care ETF has a 52-week low of $51.95 and a 52-week high of $76.40. The company has a market cap of $33.28 million, a price-to-earnings ratio of 26.44 and a beta of 1.06. The business has a 50 day simple moving average of $74.18 and a 200 day simple moving average of $74.06.

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.