ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Sees Large Growth in Short Interest

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,911 shares, an increase of 300.4% from the September 30th total of 727 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 691 shares, the short-interest ratio is currently 4.2 days.

Institutional Investors Weigh In On ProShares S&P 500 EX-Health Care ETF

A hedge fund recently bought a new stake in ProShares S&P 500 EX-Health Care ETF stock. Mather Group LLC. purchased a new position in ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,194 shares of the company’s stock, valued at approximately $936,000. Mather Group LLC. owned approximately 2.28% of ProShares S&P 500 EX-Health Care ETF at the end of the most recent quarter.

ProShares S&P 500 EX-Health Care ETF Trading Up 0.3%

Shares of NYSEARCA SPXV traded up $0.22 during mid-day trading on Wednesday, hitting $84.07. The company had a trading volume of 613 shares, compared to its average volume of 1,087. The stock’s 50-day moving average price is $83.95 and its 200-day moving average price is $79.77. The company has a market capitalization of $41.19 million, a price-to-earnings ratio of 26.44 and a beta of 1.06. ProShares S&P 500 EX-Health Care ETF has a 1 year low of $69.02 and a 1 year high of $85.57.

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.