ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE – Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 562 shares, an increase of 130.3% from the February 26th total of 244 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 3,199 shares, the days-to-cover ratio is currently 0.2 days.
ProShares S&P 500 Ex-Energy ETF Trading Down 1.8%
NYSEARCA:SPXE traded down $1.24 during mid-day trading on Friday, hitting $67.73. The company’s stock had a trading volume of 807 shares, compared to its average volume of 1,931. The company has a market capitalization of $69.08 million, a price-to-earnings 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. The stock has a fifty day moving average of $73.06 and a 200-day moving average of $73.09.
Hedge Funds Weigh In On ProShares S&P 500 Ex-Energy ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans acquired a new stake in ProShares S&P 500 Ex-Energy ETF in the 3rd quarter valued at $208,000. Sterling Investment Counsel LLC acquired a new position in ProShares S&P 500 Ex-Energy ETF during the third quarter worth $325,000. Royal Bank of Canada boosted its stake in shares of ProShares S&P 500 Ex-Energy ETF by 6.7% in the 4th quarter. Royal Bank of Canada now owns 6,655 shares of the company’s stock valued at $492,000 after purchasing an additional 420 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of ProShares S&P 500 Ex-Energy ETF in the 4th quarter valued at $620,000. Finally, Private Advisor Group LLC grew its holdings in shares of ProShares S&P 500 Ex-Energy ETF by 28.0% in the 3rd quarter. Private Advisor Group LLC now owns 9,793 shares of the company’s stock worth $707,000 after purchasing an additional 2,143 shares during the last quarter.
About ProShares S&P 500 Ex-Energy ETF
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.
Further Reading
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