ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Short Interest Up 63.8% in April

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 5,974 shares, an increase of 63.8% from the March 31st total of 3,648 shares. Based on an average trading volume of 13,671 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

ProShares S&P 500 Ex-Technology ETF Trading Down 0.1%

NYSEARCA SPXT traded down $0.06 during trading hours on Monday, hitting $106.79. The company’s stock had a trading volume of 7,331 shares, compared to its average volume of 14,908. ProShares S&P 500 Ex-Technology ETF has a 52 week low of $87.62 and a 52 week high of $108.04. The company has a market capitalization of $258.43 million, a PE ratio of 22.39 and a beta of 0.90. The company’s 50-day simple moving average is $104.58 and its two-hundred day simple moving average is $103.98.

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

Several large investors have recently added to or reduced their stakes in SPXT. Bank of America Corp DE bought a new position in ProShares S&P 500 Ex-Technology ETF in the 2nd quarter valued at about $1,081,000. Jane Street Group LLC bought a new position in shares of ProShares S&P 500 Ex-Technology ETF during the 4th quarter worth approximately $865,000. Armstrong Advisory Group Inc. lifted its position in shares of ProShares S&P 500 Ex-Technology ETF by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 136,832 shares of the company’s stock worth $14,212,000 after buying an additional 5,291 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of ProShares S&P 500 Ex-Technology ETF by 64.4% during the 3rd quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock worth $952,000 after buying an additional 3,703 shares in the last quarter. Finally, Hengehold Capital Management LLC bought a new position in shares of ProShares S&P 500 Ex-Technology ETF during the 3rd quarter worth approximately $360,000.

ProShares S&P 500 Ex-Technology ETF Company Profile

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.