Short Interest in ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Drops By 54.8%

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,700 shares, a drop of 54.8% from the April 15th total of 5,974 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 38,928 shares, the days-to-cover ratio is presently 0.1 days.

ProShares S&P 500 Ex-Technology ETF Stock Performance

Shares of SPXT stock traded down $1.12 during trading on Friday, hitting $107.47. 4,841 shares of the company were exchanged, compared to its average volume of 20,413. The firm has a market capitalization of $274.05 million, a price-to-earnings ratio of 22.39 and a beta of 0.87. The business’s 50-day simple moving average is $104.82 and its 200 day simple moving average is $104.60. ProShares S&P 500 Ex-Technology ETF has a twelve month low of $91.56 and a twelve month high of $109.18.

Institutional Trading of ProShares S&P 500 Ex-Technology ETF

Several institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the third quarter worth approximately $30,000. AMJ Financial Wealth Management boosted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 14.5% during the fourth quarter. AMJ Financial Wealth Management now owns 4,094 shares of the company’s stock worth $425,000 after purchasing an additional 518 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 365.2% during the fourth quarter. Osaic Holdings Inc. now owns 1,470 shares of the company’s stock worth $153,000 after purchasing an additional 1,154 shares during the period. Betterment LLC acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the fourth quarter worth approximately $230,000. Finally, LPL Financial LLC boosted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 40.7% during the fourth quarter. LPL Financial LLC now owns 7,686 shares of the company’s stock worth $798,000 after purchasing an additional 2,224 shares during the period.

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.