ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Short Interest Up 227.7% in May

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 8,848 shares, an increase of 227.7% from the April 30th total of 2,700 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 32,147 shares, the short-interest ratio is presently 0.3 days.

ProShares S&P 500 Ex-Technology ETF Price Performance

Shares of ProShares S&P 500 Ex-Technology ETF stock traded down $0.85 during trading on Friday, reaching $108.03. 29,008 shares of the stock traded hands, compared to its average volume of 19,728. The company has a market capitalization of $275.48 million, a price-to-earnings ratio of 22.39 and a beta of 0.87. The business has a fifty day simple moving average of $105.67 and a two-hundred day simple moving average of $105.08. ProShares S&P 500 Ex-Technology ETF has a 52-week low of $92.84 and a 52-week high of $109.18.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of ProShares S&P 500 Ex-Technology ETF during the third quarter valued at about $30,000. AMJ Financial Wealth Management lifted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 14.5% in the 4th quarter. AMJ Financial Wealth Management now owns 4,094 shares of the company’s stock valued at $425,000 after acquiring an additional 518 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 365.2% in the 4th quarter. Osaic Holdings Inc. now owns 1,470 shares of the company’s stock valued at $153,000 after acquiring an additional 1,154 shares during the last quarter. Betterment LLC bought a new position in shares of ProShares S&P 500 Ex-Technology ETF in the 4th quarter valued at about $230,000. Finally, LPL Financial LLC lifted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 40.7% in the 4th quarter. LPL Financial LLC now owns 7,686 shares of the company’s stock valued at $798,000 after acquiring an additional 2,224 shares during the last quarter.

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.