ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Short Interest Down 35.3% in April

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 680 shares, a decline of 35.3% from the April 15th total of 1,051 shares. Based on an average daily trading volume, of 1,494 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On ProShares S&P 500 EX-Health Care ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPXV. Kestra Advisory Services LLC purchased a new stake in shares of ProShares S&P 500 EX-Health Care ETF during the 4th quarter worth approximately $134,000. LPL Financial LLC boosted its position in shares of ProShares S&P 500 EX-Health Care ETF by 29.6% during the 4th quarter. LPL Financial LLC now owns 12,857 shares of the company’s stock valued at $959,000 after acquiring an additional 2,936 shares during the last quarter. Forteris Wealth Management Inc. purchased a new position in shares of ProShares S&P 500 EX-Health Care ETF in the fourth quarter valued at $451,000. Truefg LLC grew its holdings in shares of ProShares S&P 500 EX-Health Care ETF by 35.5% in the fourth quarter. Truefg LLC now owns 13,391 shares of the company’s stock valued at $999,000 after purchasing an additional 3,508 shares in the last quarter. Finally, Cozad Asset Management Inc. bought a new stake in ProShares S&P 500 EX-Health Care ETF in the third quarter worth $203,000.

ProShares S&P 500 EX-Health Care ETF Stock Down 0.2%

SPXV stock traded down $0.14 during mid-day trading on Monday, hitting $81.68. The company had a trading volume of 474 shares, compared to its average volume of 1,510. The company has a market capitalization of $39.21 million, a price-to-earnings ratio of 26.44 and a beta of 1.06. The company has a 50-day moving average price of $75.73 and a 200 day moving average price of $75.04. ProShares S&P 500 EX-Health Care ETF has a 12-month low of $63.27 and a 12-month high of $83.01.

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.