ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Short Interest Update

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 20,343 shares, a drop of 56.6% from the January 15th total of 46,916 shares. Based on an average trading volume of 13,435 shares, the short-interest ratio is presently 1.5 days. Approximately 0.8% of the company’s shares are sold short. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 13,435 shares, the short-interest ratio is presently 1.5 days.

ProShares S&P 500 Ex-Technology ETF Stock Performance

Shares of NYSEARCA:SPXT traded up $0.28 during midday trading on Friday, reaching $106.25. The company’s stock had a trading volume of 3,407 shares, compared to its average volume of 18,904. ProShares S&P 500 Ex-Technology ETF has a fifty-two week low of $79.66 and a fifty-two week high of $108.04. The firm has a 50 day moving average price of $105.47 and a two-hundred day moving average price of $101.99. The firm has a market capitalization of $270.94 million, a price-to-earnings ratio of 22.39 and a beta of 0.91.

Hedge Funds Weigh In On ProShares S&P 500 Ex-Technology ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of ProShares S&P 500 Ex-Technology ETF in the third quarter valued at approximately $30,000. GPS Wealth Strategies Group LLC purchased a new stake in ProShares S&P 500 Ex-Technology ETF in the 2nd quarter valued at $77,000. Betterment LLC bought a new position in ProShares S&P 500 Ex-Technology ETF during the 4th quarter valued at $230,000. CIBC Bancorp USA Inc. purchased a new position in ProShares S&P 500 Ex-Technology ETF during the 3rd quarter worth $240,000. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the 4th quarter worth $245,000.

About ProShares S&P 500 Ex-Technology ETF

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.