ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) Sees Large Drop in Short Interest

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 1,116 shares, a drop of 35.6% from the January 29th total of 1,733 shares. Based on an average daily volume of 2,449 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 2,449 shares, the short-interest ratio is currently 0.5 days.

ProShares S&P 500 Ex-Energy ETF Stock Performance

Shares of ProShares S&P 500 Ex-Energy ETF stock traded down $0.42 during midday trading on Friday, hitting $73.70. The company had a trading volume of 167 shares, compared to its average volume of 1,668. The company has a 50 day moving average of $74.33 and a 200 day moving average of $72.87. The stock has a market capitalization of $75.17 million, a P/E ratio of 26.41 and a beta of 1.01. ProShares S&P 500 Ex-Energy ETF has a 52-week low of $52.40 and a 52-week high of $75.25.

Institutional Investors Weigh In On ProShares S&P 500 Ex-Energy ETF

Institutional investors have recently made changes to their positions in the company. Tableaux LLC bought a new stake in shares of ProShares S&P 500 Ex-Energy ETF during the second quarter valued at approximately $10,970,000. Bank of America Corp DE increased its holdings in shares of ProShares S&P 500 Ex-Energy ETF by 422.7% in the 2nd quarter. Bank of America Corp DE now owns 15,848 shares of the company’s stock worth $1,060,000 after purchasing an additional 12,816 shares in the last quarter. Sterling Investment Counsel LLC purchased a new position in shares of ProShares S&P 500 Ex-Energy ETF in the third quarter worth $325,000. Thrivent Financial for Lutherans bought a new position in shares of ProShares S&P 500 Ex-Energy ETF during the third quarter valued at $208,000. Finally, Private Advisor Group LLC boosted its position in shares of ProShares S&P 500 Ex-Energy ETF by 28.0% during the third 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 during 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.