ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Trading Down 0.8% – Time to Sell?

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) fell 0.8% during mid-day trading on Tuesday . The stock traded as low as $110.52 and last traded at $110.52. Approximately 10,056 shares were traded during mid-day trading, a decline of 43% from the average session volume of 17,735 shares. The stock had previously closed at $111.39.

ProShares S&P 500 Ex-Technology ETF Trading Down 0.5%

The stock has a 50 day moving average of $110.91 and a 200-day moving average of $107.79. The stock has a market capitalization of $280.98 million, a P/E ratio of 22.39 and a beta of 0.85.

Hedge Funds Weigh In On ProShares S&P 500 Ex-Technology ETF

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in shares of ProShares S&P 500 Ex-Technology ETF by 9.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,561 shares of the company’s stock worth $2,602,000 after acquiring an additional 2,560 shares in the last quarter. Ascentis Independent Advisors increased its position in shares of ProShares S&P 500 Ex-Technology ETF by 87.4% during the first quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock worth $2,274,000 after purchasing an additional 10,464 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the 2nd quarter valued at $1,081,000. Susquehanna International Group LLP lifted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 64.4% during the 3rd quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock valued at $952,000 after purchasing an additional 3,703 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the 4th quarter worth $865,000.

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.