Short Interest in ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) Decreases By 82.3%

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 715 shares, a decline of 82.3% from the April 15th total of 4,029 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 796 shares, the days-to-cover ratio is presently 0.9 days.

ProShares S&P 500 Ex-Energy ETF Stock Up 0.5%

SPXE stock traded up $0.40 during mid-day trading on Wednesday, hitting $79.92. The company had a trading volume of 203 shares, compared to its average volume of 1,614. The company has a 50-day moving average price of $73.63 and a 200 day moving average price of $73.79. The company has a market capitalization of $82.32 million, a price-to-earnings ratio of 26.41 and a beta of 1.02. ProShares S&P 500 Ex-Energy ETF has a 12-month low of $62.59 and a 12-month high of $79.92.

Institutional Trading of ProShares S&P 500 Ex-Energy ETF

Several hedge funds have recently made changes to their positions in SPXE. Independent Financial Group LLC purchased a new stake in shares of ProShares S&P 500 Ex-Energy ETF during the 1st quarter valued at about $208,000. Thrivent Financial for Lutherans purchased a new stake in shares of ProShares S&P 500 Ex-Energy ETF during the 3rd quarter valued at about $208,000. Royal Bank of Canada raised its position in shares of ProShares S&P 500 Ex-Energy ETF by 6.7% during the 4th quarter. Royal Bank of Canada now owns 6,655 shares of the company’s stock valued at $492,000 after buying an additional 420 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of ProShares S&P 500 Ex-Energy ETF during the 4th quarter valued at about $620,000. Finally, Private Advisor Group LLC raised its position in shares of ProShares S&P 500 Ex-Energy ETF by 28.0% during the 3rd quarter. Private Advisor Group LLC now owns 9,793 shares of the company’s stock valued at $707,000 after buying an additional 2,143 shares in the last quarter.

About ProShares S&P 500 Ex-Energy ETF

The ProShares S&P 500 ex-Energy ETF (SPXE) is an exchange-traded fund that is based on the S&P 500 Ex-Energy index. The fund tracks a market cap-weighted index of US large- and mid-cap stocks, excluding firms in the energy sector. SPXE was launched on Sep 22, 2015 and is managed by ProShares.