ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Sees Significant Decline in Short Interest

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 3,878 shares, a drop of 72.5% from the February 12th total of 14,078 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 14,647 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 14,647 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in shares of ProShares S&P 500 Ex-Technology ETF in the second quarter worth about $1,081,000. Jane Street Group LLC bought a new position in shares of ProShares S&P 500 Ex-Technology ETF during the 4th quarter valued at approximately $865,000. Armstrong Advisory Group Inc. increased its holdings in ProShares S&P 500 Ex-Technology ETF by 4.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 136,832 shares of the company’s stock worth $14,212,000 after acquiring an additional 5,291 shares in the last quarter. Susquehanna International Group LLP increased its holdings in ProShares S&P 500 Ex-Technology ETF by 64.4% in the 3rd quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock worth $952,000 after acquiring an additional 3,703 shares in the last quarter. Finally, Hengehold Capital Management LLC bought a new stake in ProShares S&P 500 Ex-Technology ETF during the 3rd quarter worth approximately $360,000.

ProShares S&P 500 Ex-Technology ETF Price Performance

Shares of NYSEARCA:SPXT traded up $0.65 during midday trading on Friday, hitting $103.71. The company had a trading volume of 594 shares, compared to its average volume of 17,009. ProShares S&P 500 Ex-Technology ETF has a 12-month low of $79.66 and a 12-month high of $108.04. The company has a fifty day moving average of $106.29 and a two-hundred day moving average of $103.17. The company has a market cap of $264.46 million, a price-to-earnings ratio of 22.39 and a beta of 0.91.

ProShares S&P 500 Ex-Technology ETF Company Profile

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.