Short Interest in ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Decreases By 41.7%

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,239 shares, a decline of 41.7% from the July 30th total of 2,125 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 668 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of ProShares S&P 500 EX-Health Care ETF

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in ProShares S&P 500 EX-Health Care ETF by 815.0% in the 2nd quarter. Bank of America Corp DE now owns 13,835 shares of the company’s stock valued at $938,000 after buying an additional 12,323 shares during the last quarter. LPL Financial LLC lifted its position in ProShares S&P 500 EX-Health Care ETF by 29.6% during the fourth quarter. LPL Financial LLC now owns 12,857 shares of the company’s stock worth $959,000 after acquiring an additional 2,936 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in ProShares S&P 500 EX-Health Care ETF during the fourth quarter worth approximately $134,000.

ProShares S&P 500 EX-Health Care ETF Price Performance

ProShares S&P 500 EX-Health Care ETF stock traded down $0.80 during mid-day trading on Tuesday, hitting $83.14. 33 shares of the company’s stock traded hands, compared to its average volume of 1,194. The firm has a 50 day simple moving average of $82.71 and a two-hundred day simple moving average of $79.25. ProShares S&P 500 EX-Health Care ETF has a fifty-two week low of $69.02 and a fifty-two week high of $85.32. The stock has a market cap of $39.91 million, a price-to-earnings ratio of 26.44 and a beta of 1.06.

ProShares S&P 500 EX-Health Care ETF Company Profile

The ProShares S&P 500 ex-Health Care ETF (SPXV) is an exchange-traded fund that is based on the S&P 500 Ex-Health Care index, a market-cap-weighted index of US large-cap stocks, excluding firms in the healthcare sector. SPXV was launched on Sep 22, 2015 and is managed by ProShares.