Short Interest in ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Decreases By 67.1%

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 950 shares, a decline of 67.1% from the February 12th total of 2,884 shares. Based on an average daily trading volume, of 428 shares, the short-interest ratio is currently 2.2 days. Currently, 3.2% of the shares of the stock are short sold. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 428 shares, the short-interest ratio is currently 2.2 days.

Institutional Investors Weigh In On ProShares Supply Chain Logistics ETF

An institutional investor recently bought a new position in ProShares Supply Chain Logistics ETF stock. Simplex Trading LLC purchased a new stake in shares of ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 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 quarter.

ProShares Supply Chain Logistics ETF Stock Down 0.6%

Shares of SUPL stock opened at $43.48 on Wednesday. The business has a fifty day simple moving average of $43.00 and a 200 day simple moving average of $40.08. The company has a market cap of $1.30 million, a P/E ratio of 13.60 and a beta of 1.13. ProShares Supply Chain Logistics ETF has a twelve month low of $31.79 and a twelve month high of $45.99.

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.