ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Sees Significant Decrease in Short Interest

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPLGet Free Report) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 294 shares, a decrease of 60.3% from the December 31st total of 741 shares. Based on an average daily volume of 836 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 836 shares, the days-to-cover ratio is currently 0.4 days.

ProShares Supply Chain Logistics ETF Stock Performance

SUPL stock traded up $0.54 during trading on Thursday, reaching $42.01. 436 shares of the company were exchanged, compared to its average volume of 586. ProShares Supply Chain Logistics ETF has a 52-week low of $31.79 and a 52-week high of $42.14. The company has a market cap of $1.26 million, a P/E ratio of 13.60 and a beta of 1.13. The stock’s 50 day moving average price is $40.41 and its 200 day moving average price is $38.86.

Hedge Funds 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 acquired a new stake in ProShares Supply Chain Logistics ETF (NYSEARCA:SUPLFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,002 shares of the company’s stock, valued at approximately $113,000. Simplex Trading LLC owned 12.01% of ProShares Supply Chain Logistics ETF at the end of the most recent reporting period.

ProShares Supply Chain Logistics ETF Company Profile

(Get Free Report)

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.

Further Reading

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