Short Interest in ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Drops By 41.7%

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,239 shares, a decrease of 41.7% from the July 30th total of 2,125 shares. Based on an average daily trading volume, of 668 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of ProShares S&P 500 EX-Health Care ETF by 815.0% during the 2nd quarter. Bank of America Corp DE now owns 13,835 shares of the company’s stock worth $938,000 after purchasing an additional 12,323 shares in the last quarter. LPL Financial LLC increased its holdings in ProShares S&P 500 EX-Health Care ETF by 29.6% in the fourth quarter. LPL Financial LLC now owns 12,857 shares of the company’s stock worth $959,000 after buying an additional 2,936 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in ProShares S&P 500 EX-Health Care ETF in the fourth quarter worth approximately $134,000.

ProShares S&P 500 EX-Health Care ETF Stock Down 0.5%

Shares of ProShares S&P 500 EX-Health Care ETF stock traded down $0.41 on Monday, hitting $83.79. 270 shares of the company traded hands, compared to its average volume of 1,201. The company has a 50-day moving average price of $82.68 and a 200 day moving average price of $79.19. ProShares S&P 500 EX-Health Care ETF has a 12-month low of $69.02 and a 12-month high of $85.32. The company has a market cap of $40.22 million, a PE ratio of 26.44 and a beta of 1.06.

About ProShares S&P 500 EX-Health Care ETF

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.