ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Sees Large Drop in Short Interest

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,648 shares, a decrease of 20.2% from the March 15th total of 4,574 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 12,054 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of ProShares S&P 500 Ex-Technology ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SPXT. Bank of America Corp DE acquired a new stake in ProShares S&P 500 Ex-Technology ETF during the 2nd quarter worth approximately $1,081,000. Jane Street Group LLC acquired a new stake in ProShares S&P 500 Ex-Technology ETF during the 4th quarter worth approximately $865,000. Armstrong Advisory Group Inc. increased its position in ProShares S&P 500 Ex-Technology ETF by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 136,832 shares of the company’s stock worth $14,212,000 after purchasing an additional 5,291 shares in the last quarter. Susquehanna International Group LLP increased its position in 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 worth $952,000 after purchasing an additional 3,703 shares in the last quarter. Finally, Hengehold Capital Management LLC acquired a new stake in ProShares S&P 500 Ex-Technology ETF during the 3rd quarter worth approximately $360,000.

ProShares S&P 500 Ex-Technology ETF Stock Up 1.3%

Shares of SPXT stock traded up $1.36 during trading hours on Friday, hitting $107.94. 3,685 shares of the company were exchanged, compared to its average volume of 15,405. The firm has a market cap of $260.14 million, a PE ratio of 22.39 and a beta of 0.90. ProShares S&P 500 Ex-Technology ETF has a 1 year low of $83.38 and a 1 year high of $108.04. The firm has a fifty day moving average of $104.57 and a 200 day moving average of $103.64.

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.