ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Sees Significant Drop in Short Interest

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,277 shares, a drop of 45.2% from the April 15th total of 2,330 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average trading volume of 4,252 shares, the short-interest ratio is currently 0.3 days.

ProShares Supply Chain Logistics ETF Price Performance

NYSEARCA SUPL traded down $0.16 on Friday, reaching $44.94. The company had a trading volume of 667 shares, compared to its average volume of 919. The business has a 50 day moving average of $43.89 and a two-hundred day moving average of $42.01. ProShares Supply Chain Logistics ETF has a fifty-two week low of $36.69 and a fifty-two week high of $48.69. The firm has a market cap of $2.25 million, a price-to-earnings ratio of 13.60 and a beta of 1.07.

ProShares Supply Chain Logistics ETF Company Profile

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.