ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Short Interest Up 431.8% in January

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 46,916 shares, a growth of 431.8% from the December 31st total of 8,822 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily volume of 28,570 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 28,570 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.8% of the shares of the stock are short sold.

ProShares S&P 500 Ex-Technology ETF Stock Performance

ProShares S&P 500 Ex-Technology ETF stock traded up $0.73 during trading on Thursday, reaching $106.80. The company had a trading volume of 5,681 shares, compared to its average volume of 21,715. The firm has a market capitalization of $272.34 million, a PE ratio of 22.39 and a beta of 0.91. The firm’s 50-day simple moving average is $104.56 and its 200 day simple moving average is $101.21. ProShares S&P 500 Ex-Technology ETF has a 1-year low of $79.66 and a 1-year high of $106.94.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in ProShares S&P 500 Ex-Technology ETF in the 2nd quarter worth about $1,081,000. Armstrong Advisory Group Inc. lifted its position in shares of ProShares S&P 500 Ex-Technology ETF by 4.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 136,832 shares of the company’s stock valued at $14,212,000 after acquiring 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% in the third quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock valued at $952,000 after acquiring an additional 3,703 shares in the last quarter. Hengehold Capital Management LLC acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the third quarter worth approximately $360,000. Finally, Goldman Sachs Group Inc. increased its position in shares of ProShares S&P 500 Ex-Technology ETF by 9.8% during the first quarter. Goldman Sachs Group Inc. now owns 28,561 shares of the company’s stock worth $2,602,000 after purchasing an additional 2,560 shares in the last quarter.

About ProShares S&P 500 Ex-Technology ETF

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.