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

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 99 shares, a decline of 93.4% from the August 15th total of 1,504 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of ProShares S&P 500 Ex-Energy ETF by 0.3% in the fourth quarter. JPMorgan Chase & Co. now owns 52,240 shares of the company’s stock valued at $3,860,000 after purchasing an additional 150 shares during the period. Centurion Wealth Management LLC raised its holdings in ProShares S&P 500 Ex-Energy ETF by 6.5% in the 2nd quarter. Centurion Wealth Management LLC now owns 3,237 shares of the company’s stock valued at $261,000 after acquiring an additional 198 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of ProShares S&P 500 Ex-Energy ETF by 3.5% in the first quarter. Royal Bank of Canada now owns 6,890 shares of the company’s stock valued at $479,000 after purchasing an additional 235 shares during the last quarter. Range Advisory LLC raised its holdings in shares of ProShares S&P 500 Ex-Energy ETF by 2.0% during the 2nd quarter. Range Advisory LLC now owns 16,614 shares of the company’s stock worth $1,341,000 after acquiring an additional 333 shares during the period. Finally, LPL Financial LLC raised its stake in ProShares S&P 500 Ex-Energy ETF by 5.5% during the fourth quarter. LPL Financial LLC now owns 27,710 shares of the company’s stock worth $2,047,000 after purchasing an additional 1,439 shares during the period.

ProShares S&P 500 Ex-Energy ETF Stock Performance

NYSEARCA SPXE traded down $0.48 on Thursday, reaching $81.37. 314 shares of the company’s stock traded hands, compared to its average volume of 1,337. The stock has a 50 day moving average price of $81.67 and a 200-day moving average price of $78.15. The firm has a market cap of $84.62 million, a price-to-earnings ratio of 26.41 and a beta of 1.02. ProShares S&P 500 Ex-Energy ETF has a fifty-two week low of $67.48 and a fifty-two week high of $83.70.

ProShares S&P 500 Ex-Energy ETF Company Profile

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