ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Sees Large Drop in Short Interest

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,277 shares, a decline of 45.2% from the April 15th total of 2,330 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 4,252 shares, the short-interest ratio is currently 0.3 days.

ProShares Supply Chain Logistics ETF Stock Down 0.4%

Shares of SUPL traded down $0.16 during trading hours on Friday, hitting $44.94. The company had a trading volume of 667 shares, compared to its average volume of 919. The firm has a market cap of $2.25 million, a P/E ratio of 13.60 and a beta of 1.07. The stock’s 50 day moving average price is $43.89 and its 200 day moving average price is $42.04. ProShares Supply Chain Logistics ETF has a 52-week low of $36.69 and a 52-week high of $48.69.

ProShares Supply Chain Logistics ETF Company Profile

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.