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 recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 8,822 shares, a decline of 30.9% from the December 15th total of 12,761 shares. Based on an average trading volume of 17,593 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 17,593 shares, the days-to-cover ratio is presently 0.5 days.

ProShares S&P 500 Ex-Technology ETF Stock Up 0.1%

Shares of ProShares S&P 500 Ex-Technology ETF stock traded up $0.12 during trading on Friday, reaching $106.39. 48,112 shares of the stock were exchanged, compared to its average volume of 30,300. The firm has a market cap of $263.85 million, a price-to-earnings ratio of 22.39 and a beta of 0.91. ProShares S&P 500 Ex-Technology ETF has a 1 year low of $79.66 and a 1 year high of $106.86. The stock’s fifty day moving average is $103.62 and its 200 day moving average is $100.63.

Institutional Investors Weigh In On ProShares S&P 500 Ex-Technology ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPXT. Armstrong Advisory Group Inc. purchased a new position in shares of ProShares S&P 500 Ex-Technology ETF during the second quarter valued at approximately $12,373,000. Bank of America Corp DE bought a new stake in ProShares S&P 500 Ex-Technology ETF in the second quarter valued at $1,081,000. Susquehanna International Group LLP increased its position in ProShares S&P 500 Ex-Technology ETF by 64.4% during the 3rd quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock valued at $952,000 after purchasing an additional 3,703 shares during the period. Hengehold Capital Management LLC purchased a new position in ProShares S&P 500 Ex-Technology ETF during the 3rd quarter valued at $360,000. Finally, Goldman Sachs Group Inc. raised its holdings in ProShares S&P 500 Ex-Technology ETF by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,561 shares of the company’s stock worth $2,602,000 after purchasing an additional 2,560 shares in the last quarter.

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.