ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Short Interest Up 431.8% in January

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 46,916 shares, an increase of 431.8% from the December 31st total of 8,822 shares. Based on an average daily volume of 28,570 shares, the short-interest ratio is presently 1.6 days. Currently, 1.8% of the company’s shares are short sold. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 28,570 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On ProShares S&P 500 Ex-Technology ETF

Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in ProShares S&P 500 Ex-Technology ETF by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,561 shares of the company’s stock worth $2,602,000 after purchasing an additional 2,560 shares during the period. GPS Wealth Strategies Group LLC bought a new position in shares of ProShares S&P 500 Ex-Technology ETF in the second quarter worth approximately $77,000. Bank of America Corp DE purchased a new position in shares of ProShares S&P 500 Ex-Technology ETF in the second quarter worth $1,081,000. Armstrong Advisory Group Inc. raised its holdings in ProShares S&P 500 Ex-Technology ETF by 1.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 131,541 shares of the company’s stock valued at $13,256,000 after buying an additional 2,416 shares during the last quarter. Finally, Hengehold Capital Management LLC bought a new stake in ProShares S&P 500 Ex-Technology ETF during the 3rd quarter valued at $360,000.

ProShares S&P 500 Ex-Technology ETF Stock Up 0.7%

ProShares S&P 500 Ex-Technology ETF stock opened at $106.80 on Friday. The firm has a fifty day simple moving average of $104.56 and a two-hundred day simple moving average of $101.21. ProShares S&P 500 Ex-Technology ETF has a twelve month low of $79.66 and a twelve month high of $106.94. The company has a market capitalization of $272.34 million, a PE ratio of 22.39 and a beta of 0.91.

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.