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

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 2,318 shares, a decrease of 73.8% from the May 14th total of 8,848 shares. Based on an average daily volume of 12,676 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPXT. Bank of America Corp DE bought a new position in ProShares S&P 500 Ex-Technology ETF during the second quarter valued at about $1,081,000. Ascentis Independent Advisors boosted its stake in ProShares S&P 500 Ex-Technology ETF by 87.4% during the first quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock valued at $2,274,000 after buying an additional 10,464 shares in the last quarter. Jane Street Group LLC bought a new position in ProShares S&P 500 Ex-Technology ETF during the fourth quarter valued at about $865,000. Armstrong Advisory Group Inc. boosted its stake in ProShares S&P 500 Ex-Technology ETF by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 136,832 shares of the company’s stock valued at $14,212,000 after buying an additional 5,291 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its stake in ProShares S&P 500 Ex-Technology ETF by 64.4% during the third quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock valued at $952,000 after buying an additional 3,703 shares in the last quarter.

ProShares S&P 500 Ex-Technology ETF Price Performance

Shares of ProShares S&P 500 Ex-Technology ETF stock traded up $0.99 on Thursday, hitting $107.33. The company had a trading volume of 3,587 shares, compared to its average volume of 19,072. The business has a 50-day simple moving average of $106.76 and a 200-day simple moving average of $105.50. The company has a market cap of $273.69 million, a PE ratio of 22.39 and a beta of 0.86. ProShares S&P 500 Ex-Technology ETF has a 52 week low of $92.99 and a 52 week high of $109.18.

ProShares S&P 500 Ex-Technology ETF Company Profile

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.