ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Short Interest Up 147.5% in June

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 5,738 shares, an increase of 147.5% from the May 31st total of 2,318 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 10,580 shares, the days-to-cover ratio is currently 0.5 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in ProShares S&P 500 Ex-Technology ETF in the 3rd quarter valued at about $30,000. Osaic Holdings Inc. grew its stake in shares of ProShares S&P 500 Ex-Technology ETF by 365.2% in the 4th quarter. Osaic Holdings Inc. now owns 1,470 shares of the company’s stock valued at $153,000 after buying an additional 1,154 shares during the period. Betterment LLC acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the 4th quarter worth approximately $230,000. EP Wealth Advisors LLC acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the 4th quarter worth approximately $239,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the 3rd quarter valued at approximately $240,000.

ProShares S&P 500 Ex-Technology ETF Stock Performance

Shares of NYSEARCA SPXT traded up $0.80 during trading on Monday, hitting $108.35. 6,022 shares of the company were exchanged, compared to its average volume of 18,392. ProShares S&P 500 Ex-Technology ETF has a 12-month low of $95.10 and a 12-month high of $109.51. The company has a fifty day moving average price of $107.60 and a 200-day moving average price of $105.86. The firm has a market capitalization of $276.29 million, a PE ratio of 22.39 and a beta of 0.86.

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.