ProShares Large Cap Core Plus (BATS:CSM) Sees Large Drop in Short Interest

ProShares Large Cap Core Plus (BATS:CSM) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 80 shares, a drop of 98.8% from the June 30th total of 6,652 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 6,726 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On ProShares Large Cap Core Plus

Several hedge funds have recently modified their holdings of CSM. Patten Group Inc. raised its position in shares of ProShares Large Cap Core Plus by 78.7% in the 4th quarter. Patten Group Inc. now owns 24,066 shares of the company’s stock valued at $1,918,000 after buying an additional 10,599 shares in the last quarter. Soundwatch Capital LLC acquired a new stake in shares of ProShares Large Cap Core Plus during the 4th quarter valued at $462,000. Waterfront Wealth Inc. grew its holdings in shares of ProShares Large Cap Core Plus by 23.1% during the first quarter. Waterfront Wealth Inc. now owns 134,277 shares of the company’s stock worth $10,047,000 after purchasing an additional 25,172 shares during the last quarter. Intrua Financial LLC acquired a new position in ProShares Large Cap Core Plus in the 4th quarter valued at approximately $639,000. Finally, RDA Financial Network bought a new position in shares of ProShares Large Cap Core Plus during the second quarter worth about $217,000.

ProShares Large Cap Core Plus Trading Up 0.2%

Shares of CSM stock traded up $0.19 on Friday, reaching $84.91. The company had a trading volume of 7,287 shares, compared to its average volume of 7,540. ProShares Large Cap Core Plus has a 12 month low of $70.59 and a 12 month high of $87.60. The stock has a market cap of $537.48 million, a PE ratio of 20.56 and a beta of 1.02. The company has a 50-day moving average of $85.44 and a 200-day moving average of $81.46.

About ProShares Large Cap Core Plus

The ProShares Large Cap Core Plus (CSM) is an exchange-traded fund that is based on the Credit Suisse 130\u002F30 Large Cap index. The fund tracks a long\u002Fshort index of the 500 largest US stocks. It uses a set of rules to assign weights to each equity that add up to 130% long and 30% short exposure. CSM was launched on Jul 14, 2009 and is managed by ProShares.