ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 5,738 shares, an increase of 147.5% from the May 31st total of 2,318 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 10,580 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On ProShares S&P 500 Ex-Technology ETF
Several institutional investors have recently added to or reduced their stakes in SPXT. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the third quarter worth about $30,000. Osaic Holdings Inc. increased its stake in ProShares S&P 500 Ex-Technology ETF by 365.2% during the 4th quarter. Osaic Holdings Inc. now owns 1,470 shares of the company’s stock valued at $153,000 after purchasing an additional 1,154 shares in the last quarter. Betterment LLC acquired a new position in ProShares S&P 500 Ex-Technology ETF during the 4th quarter valued at approximately $230,000. EP Wealth Advisors LLC purchased a new position in shares of ProShares S&P 500 Ex-Technology ETF in the fourth quarter worth $239,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of ProShares S&P 500 Ex-Technology ETF in the third quarter worth $240,000.
ProShares S&P 500 Ex-Technology ETF Trading Down 0.2%
Shares of SPXT traded down $0.17 during midday trading on Tuesday, hitting $108.26. 53,563 shares of the company’s stock traded hands, compared to its average volume of 18,703. The stock has a market capitalization of $276.06 million, a price-to-earnings ratio of 22.39 and a beta of 0.86. ProShares S&P 500 Ex-Technology ETF has a 1 year low of $95.10 and a 1 year high of $109.51. The firm’s fifty day moving average is $107.65 and its 200-day moving average is $105.93.
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.
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