ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) Short Interest Down 78.1% in February

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 27th, there was short interest totaling 244 shares, a drop of 78.1% from the February 12th total of 1,116 shares. Based on an average trading volume of 1,288 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,288 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On ProShares S&P 500 Ex-Energy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPXE. Tableaux LLC bought a new stake in shares of ProShares S&P 500 Ex-Energy ETF in the 2nd quarter valued at about $10,970,000. Sterling Investment Counsel LLC acquired a new position in ProShares S&P 500 Ex-Energy ETF during the third quarter valued at approximately $325,000. JPMorgan Chase & Co. increased its stake in ProShares S&P 500 Ex-Energy ETF by 0.3% in the fourth quarter. JPMorgan Chase & Co. now owns 52,240 shares of the company’s stock valued at $3,860,000 after purchasing an additional 150 shares in the last quarter. LPL Financial LLC raised its holdings in ProShares S&P 500 Ex-Energy ETF by 5.5% in the fourth quarter. LPL Financial LLC now owns 27,710 shares of the company’s stock worth $2,047,000 after purchasing an additional 1,439 shares during the period. Finally, Bank of America Corp DE raised its holdings in ProShares S&P 500 Ex-Energy ETF by 11.6% in the third quarter. Bank of America Corp DE now owns 17,693 shares of the company’s stock worth $1,277,000 after purchasing an additional 1,845 shares during the period.

ProShares S&P 500 Ex-Energy ETF Stock Performance

SPXE traded down $0.36 during trading on Wednesday, reaching $72.35. 697 shares of the company’s stock were exchanged, compared to its average volume of 1,994. The company’s fifty day moving average price is $74.11 and its 200-day moving average price is $73.07. The firm has a market capitalization of $73.80 million, a PE ratio of 26.41 and a beta of 1.01. ProShares S&P 500 Ex-Energy ETF has a fifty-two week low of $52.40 and a fifty-two week high of $75.25.

ProShares S&P 500 Ex-Energy ETF Company Profile

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.