Short Interest in ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Rises By 69.3%

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 2,884 shares, an increase of 69.3% from the January 29th total of 1,703 shares. Based on an average trading volume of 1,280 shares, the days-to-cover ratio is presently 2.3 days. Currently, 9.6% of the company’s stock are short sold. Currently, 9.6% of the company’s stock are short sold. Based on an average trading volume of 1,280 shares, the days-to-cover ratio is presently 2.3 days.

ProShares Supply Chain Logistics ETF Stock Performance

SUPL traded up $0.34 during midday trading on Monday, reaching $45.81. 466 shares of the company were exchanged, compared to its average volume of 703. The company’s fifty day moving average price is $42.39 and its 200 day moving average price is $39.77. The company has a market cap of $1.37 million, a price-to-earnings ratio of 13.60 and a beta of 1.13. ProShares Supply Chain Logistics ETF has a one year low of $31.79 and a one year high of $45.80.

Institutional Investors Weigh In On ProShares Supply Chain Logistics ETF

A hedge fund recently bought a new stake in ProShares Supply Chain Logistics ETF stock. Simplex Trading LLC acquired a new position in shares of ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,002 shares of the company’s stock, valued at approximately $113,000. Simplex Trading LLC owned about 12.01% of ProShares Supply Chain Logistics ETF at the end of the most recent reporting period.

About ProShares Supply Chain Logistics ETF

The ProShares Supply Chain Logistics ETF (SUPL) is an exchange-traded fund that is based on the FactSet Supply Chain Logistics index, a market-cap-weighted index of companies involved in the supply chain logistics of raw materials, intermediate goods, and finished products around the globe. SUPL was launched on Apr 6, 2022 and is managed by ProShares.