ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) Sees Large Increase in Short Interest

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,374 shares, a growth of 98.8% from the June 15th total of 691 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,501 shares, the days-to-cover ratio is currently 0.9 days.

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

Hedge funds have recently added to or reduced their stakes in the business. Centurion Wealth Management LLC increased its position in ProShares S&P 500 Ex-Energy ETF by 6.5% in the 2nd quarter. Centurion Wealth Management LLC now owns 3,237 shares of the company’s stock worth $261,000 after buying an additional 198 shares during the period. Royal Bank of Canada boosted its position in shares of ProShares S&P 500 Ex-Energy ETF by 3.5% in the first quarter. Royal Bank of Canada now owns 6,890 shares of the company’s stock valued at $479,000 after acquiring an additional 235 shares during the period. Independent Financial Group LLC bought a new stake in shares of ProShares S&P 500 Ex-Energy ETF in the first quarter valued at approximately $208,000. EP Wealth Advisors LLC acquired a new stake in shares of ProShares S&P 500 Ex-Energy ETF in the fourth quarter worth $620,000. Finally, LPL Financial LLC grew its stake in shares of ProShares S&P 500 Ex-Energy ETF by 5.5% in the fourth quarter. LPL Financial LLC now owns 27,710 shares of the company’s stock worth $2,047,000 after acquiring an additional 1,439 shares during the last quarter.

ProShares S&P 500 Ex-Energy ETF Price Performance

ProShares S&P 500 Ex-Energy ETF stock opened at $80.14 on Friday. ProShares S&P 500 Ex-Energy ETF has a fifty-two week low of $67.28 and a fifty-two week high of $83.20. The firm has a fifty day moving average price of $80.35 and a two-hundred day moving average price of $76.06. The firm has a market cap of $83.35 million, a price-to-earnings ratio of 26.41 and a beta of 1.02.

ProShares S&P 500 Ex-Energy ETF Company Profile

The ProShares S&P 500 ex-Energy ETF (SPXE) is an exchange-traded fund that is based on the S&P 500 Ex-Energy index. The fund tracks a market cap-weighted index of US large- and mid-cap stocks, excluding firms in the energy sector. SPXE was launched on Sep 22, 2015 and is managed by ProShares.