Short Interest in ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Declines By 41.7%

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXVGet Free Report) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,239 shares, a drop of 41.7% from the July 30th total of 2,125 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 668 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On ProShares S&P 500 EX-Health Care ETF

Several institutional investors and hedge funds have recently made changes to their positions in SPXV. Bank of America Corp DE raised its stake in ProShares S&P 500 EX-Health Care ETF by 815.0% during the 2nd quarter. Bank of America Corp DE now owns 13,835 shares of the company’s stock valued at $938,000 after acquiring an additional 12,323 shares in the last quarter. LPL Financial LLC boosted its stake in ProShares S&P 500 EX-Health Care ETF by 29.6% during the fourth quarter. LPL Financial LLC now owns 12,857 shares of the company’s stock valued at $959,000 after buying an additional 2,936 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in ProShares S&P 500 EX-Health Care ETF during the fourth quarter worth about $134,000.

ProShares S&P 500 EX-Health Care ETF Price Performance

Shares of SPXV stock opened at $83.14 on Wednesday. The company’s fifty day moving average price is $82.75 and its two-hundred day moving average price is $79.30. The firm has a market capitalization of $39.91 million, a P/E ratio of 26.44 and a beta of 1.06. ProShares S&P 500 EX-Health Care ETF has a 12 month low of $69.02 and a 12 month high of $85.32.

ProShares S&P 500 EX-Health Care ETF Company Profile

(Get Free Report)

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.

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