ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Short Interest Down 25.9% in March

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 866 shares, a decline of 25.9% from the February 26th total of 1,169 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 1,343 shares, the short-interest ratio is presently 0.6 days.

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

ProShares S&P 500 EX-Health Care ETF stock traded down $1.16 during mid-day trading on Friday, reaching $69.33. 831 shares of the company traded hands, compared to its average volume of 1,724. ProShares S&P 500 EX-Health Care ETF has a 52-week low of $51.95 and a 52-week high of $76.40. The firm has a market capitalization of $33.28 million, a price-to-earnings ratio of 26.44 and a beta of 1.06. The firm’s 50 day moving average price is $74.18 and its 200 day moving average price is $74.06.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in ProShares S&P 500 EX-Health Care ETF by 815.0% in the second quarter. Bank of America Corp DE now owns 13,835 shares of the company’s stock worth $938,000 after buying an additional 12,323 shares in the last quarter. Forteris Wealth Management Inc. purchased a new stake in ProShares S&P 500 EX-Health Care ETF in the fourth quarter worth about $451,000. Truefg LLC boosted its position in ProShares S&P 500 EX-Health Care ETF by 35.5% during the 4th quarter. Truefg LLC now owns 13,391 shares of the company’s stock valued at $999,000 after acquiring an additional 3,508 shares in the last quarter. LPL Financial LLC boosted its position in ProShares S&P 500 EX-Health Care ETF by 29.6% during the 4th quarter. LPL Financial LLC now owns 12,857 shares of the company’s stock valued at $959,000 after acquiring an additional 2,936 shares in the last quarter. Finally, Cozad Asset Management Inc. purchased a new position in shares of ProShares S&P 500 EX-Health Care ETF during the 3rd quarter worth approximately $203,000.

ProShares S&P 500 EX-Health Care ETF Company Profile

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.