ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Sees Large Drop in Short Interest

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV – Get Free Report) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 584 shares, a drop of 79.9% from the October 15th total of 2,911 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 531 shares, the short-interest ratio is currently 1.1 days.

ProShares S&P 500 EX-Health Care ETF Stock Performance

Shares of SPXV traded down $0.38 during trading hours on Friday, hitting $81.44. The stock had a trading volume of 245 shares, compared to its average volume of 1,066. The company’s fifty day simple moving average is $83.40 and its 200 day simple moving average is $80.18. The firm has a market cap of $39.91 million, a P/E ratio of 23.03 and a beta of 1.06. ProShares S&P 500 EX-Health Care ETF has a 12-month low of $69.02 and a 12-month high of $85.57.

Hedge Funds Weigh In On ProShares S&P 500 EX-Health Care ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co acquired a new position in shares of ProShares S&P 500 EX-Health Care ETF during the third quarter worth about $52,000. Hoey Investments Inc. bought a new stake in shares of ProShares S&P 500 EX-Health Care ETF in the third quarter worth $125,000. Adirondack Trust Co. acquired a new stake in shares of ProShares S&P 500 EX-Health Care ETF in the 3rd quarter valued at about $148,000. Finally, Mather Group LLC. bought a new position in ProShares S&P 500 EX-Health Care ETF during the 3rd quarter worth approximately $936,000.

About ProShares S&P 500 EX-Health Care ETF

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The ProShares S&P 500 ex-Health Care ETF (SPXV) is an exchange-traded fund that is based on the S&P 500 Ex-Health Care index, a market-cap-weighted index of US large-cap stocks, excluding firms in the healthcare sector. SPXV was launched on Sep 22, 2015 and is managed by ProShares.

Further Reading

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