ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 351 shares, a growth of 408.7% from the September 15th total of 69 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 757 shares, the days-to-cover ratio is currently 0.5 days.
ProShares S&P 500 Ex-Energy ETF Stock Performance
Shares of NYSEARCA SPXE traded up $0.53 during midday trading on Friday, reaching $83.61. 486 shares of the stock were exchanged, compared to its average volume of 1,282. The stock has a market capitalization of $87.79 million, a P/E ratio of 26.41 and a beta of 1.02. The company has a 50 day simple moving average of $82.60 and a 200 day simple moving average of $79.58. ProShares S&P 500 Ex-Energy ETF has a twelve month low of $67.48 and a twelve month high of $84.00.
Institutional Investors Weigh In On ProShares S&P 500 Ex-Energy ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Independent Financial Group LLC acquired a new stake in shares of ProShares S&P 500 Ex-Energy ETF during the 1st quarter worth about $208,000. Centurion Wealth Management LLC increased its position in shares of ProShares S&P 500 Ex-Energy ETF by 6.5% during the second quarter. Centurion Wealth Management LLC now owns 3,237 shares of the company’s stock valued at $261,000 after acquiring an additional 198 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of ProShares S&P 500 Ex-Energy ETF by 3.5% in the 1st quarter. Royal Bank of Canada now owns 6,890 shares of the company’s stock worth $479,000 after acquiring an additional 235 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of ProShares S&P 500 Ex-Energy ETF by 160.7% in the 2nd quarter. Citadel Advisors LLC now owns 9,996 shares of the company’s stock worth $807,000 after acquiring an additional 6,162 shares during the last quarter. Finally, Range Advisory LLC boosted its position in shares of ProShares S&P 500 Ex-Energy ETF by 2.0% during the 2nd quarter. Range Advisory LLC now owns 16,614 shares of the company’s stock worth $1,341,000 after purchasing an additional 333 shares during the period.
About ProShares S&P 500 Ex-Energy ETF
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.
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