ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 584 shares, a drop of 79.9% from the October 15th total of 2,911 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 531 shares, the days-to-cover ratio is currently 1.1 days.
ProShares S&P 500 EX-Health Care ETF Stock Up 0.1%
SPXV traded up $0.12 during midday trading on Thursday, hitting $82.22. The company had a trading volume of 66 shares, compared to its average volume of 1,074. The stock’s 50 day moving average price is $83.49 and its 200 day moving average price is $80.12. ProShares S&P 500 EX-Health Care ETF has a 52 week low of $69.02 and a 52 week high of $85.57. The company has a market capitalization of $40.29 million, a price-to-earnings ratio of 23.03 and a beta of 1.07.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of ProShares S&P 500 EX-Health Care ETF during the third quarter valued at approximately $936,000. Adirondack Trust Co. bought a new position in shares of ProShares S&P 500 EX-Health Care ETF in the 3rd quarter worth $148,000. Hoey Investments Inc. bought a new position in shares of ProShares S&P 500 EX-Health Care ETF in the 3rd quarter worth $125,000. Finally, CENTRAL TRUST Co acquired a new stake in ProShares S&P 500 EX-Health Care ETF in the 3rd quarter valued at $52,000.
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.
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