ProShares S&P Kensho Smart Factories ETF (NYSEARCA:MAKX) Sees Significant Growth in Short Interest

ProShares S&P Kensho Smart Factories ETF (NYSEARCA:MAKX) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,878 shares, an increase of 138.2% from the April 15th total of 1,628 shares. Approximately 12.9% of the company’s shares are sold short. Based on an average trading volume of 607 shares, the days-to-cover ratio is presently 6.4 days.

ProShares S&P Kensho Smart Factories ETF Stock Down 2.1%

NYSEARCA:MAKX traded down $1.46 during midday trading on Friday, hitting $67.35. The stock had a trading volume of 1,560 shares, compared to its average volume of 1,066. ProShares S&P Kensho Smart Factories ETF has a one year low of $38.68 and a one year high of $68.81. The company has a market capitalization of $2.02 million, a price-to-earnings ratio of 24.56 and a beta of 1.51. The stock has a 50-day moving average of $57.50 and a 200 day moving average of $54.74.

About ProShares S&P Kensho Smart Factories ETF

The ProShares S&P Kensho Smart Factories ETF (MAKX) is an exchange-traded fund that is based on the S&P Kensho Smart Factories index. The fund tracks a modified equal-weighted index of US-listed firms that enable the digitalization of manufacturing. MAKX was launched on Sep 29, 2021 and is managed by ProShares.