Short Interest in ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) Expands By 210.4%

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 1,726 shares, a growth of 210.4% from the December 15th total of 556 shares. Based on an average trading volume of 1,054 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 1,054 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds 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 company. Tableaux LLC purchased a new stake in shares of ProShares S&P 500 Ex-Energy ETF during the second quarter worth about $10,970,000. Bank of America Corp DE boosted its holdings in ProShares S&P 500 Ex-Energy ETF by 422.7% in the second quarter. Bank of America Corp DE now owns 15,848 shares of the company’s stock valued at $1,060,000 after purchasing an additional 12,816 shares during the last quarter. Sterling Investment Counsel LLC acquired a new stake in ProShares S&P 500 Ex-Energy ETF during the 3rd quarter valued at approximately $325,000. Centurion Wealth Management LLC acquired a new stake in ProShares S&P 500 Ex-Energy ETF during the 2nd quarter valued at approximately $201,000. Finally, Thrivent Financial for Lutherans purchased a new stake in ProShares S&P 500 Ex-Energy ETF during the 3rd quarter worth approximately $208,000.

ProShares S&P 500 Ex-Energy ETF Stock Down 0.5%

Shares of NYSEARCA SPXE traded down $0.40 during trading on Tuesday, reaching $74.85. 917 shares of the stock were exchanged, compared to its average volume of 1,427. The company has a market capitalization of $76.34 million, a price-to-earnings ratio of 26.41 and a beta of 1.01. The business’s 50-day moving average price is $73.63 and its 200 day moving average price is $71.40. ProShares S&P 500 Ex-Energy ETF has a twelve month low of $52.40 and a twelve month high of $75.25.

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.