PortfolioPlus S&P 500 ETF (NYSE:PPLC) Sees Significant Increase in Short Interest

PortfolioPlus S&P 500 ETF (NYSE:PPLC – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 81,295 shares, an increase of 176.8% from the September 15th total of 29,369 shares. Based on an average daily volume of 49,092 shares, the short-interest ratio is presently 1.7 days. Approximately 32.5% of the shares of the stock are short sold.

PortfolioPlus S&P 500 ETF Price Performance

Shares of PPLC traded down $0.08 during midday trading on Monday, reaching $46.17. The stock had a trading volume of 6,407 shares, compared to its average volume of 264,468. The company’s 50-day moving average is $46.03 and its 200 day moving average is $48.14. PortfolioPlus S&P 500 ETF has a 12-month low of $43.74 and a 12-month high of $52.57.

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