ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Sees Large Increase in Short Interest

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,169 shares, an increase of 23.1% from the February 26th total of 950 shares. Based on an average daily volume of 430 shares, the days-to-cover ratio is presently 2.7 days. Approximately 3.9% of the company’s stock are short sold.

ProShares Supply Chain Logistics ETF Stock Performance

Shares of SUPL stock opened at $42.49 on Wednesday. The company has a market capitalization of $1.27 million, a price-to-earnings ratio of 13.60 and a beta of 1.13. ProShares Supply Chain Logistics ETF has a 52-week low of $31.79 and a 52-week high of $45.99. The company has a 50-day simple moving average of $43.33 and a two-hundred day simple moving average of $40.50.

ProShares Supply Chain Logistics ETF Company Profile

The ProShares Supply Chain Logistics ETF (SUPL) is an exchange-traded fund that is based on the FactSet Supply Chain Logistics index, a market-cap-weighted index of companies involved in the supply chain logistics of raw materials, intermediate goods, and finished products around the globe. SUPL was launched on Apr 6, 2022 and is managed by ProShares.