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

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 562 shares, a growth of 130.3% from the February 26th total of 244 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 3,199 shares, the days-to-cover ratio is presently 0.2 days.

ProShares S&P 500 Ex-Energy ETF Price Performance

SPXE opened at $67.73 on Friday. The stock’s 50 day simple moving average is $73.06 and its 200 day simple moving average is $73.09. The firm has a market cap of $69.08 million, a price-to-earnings ratio of 26.41 and a beta of 1.01. ProShares S&P 500 Ex-Energy ETF has a 1 year low of $52.40 and a 1 year high of $75.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of ProShares S&P 500 Ex-Energy ETF by 422.7% during the second quarter. Bank of America Corp DE now owns 15,848 shares of the company’s stock worth $1,060,000 after purchasing an additional 12,816 shares during the period. EP Wealth Advisors LLC purchased a new position in ProShares S&P 500 Ex-Energy ETF during the 4th quarter valued at about $620,000. Sterling Investment Counsel LLC purchased a new position in ProShares S&P 500 Ex-Energy ETF during the 3rd quarter valued at about $325,000. Thrivent Financial for Lutherans bought a new position in ProShares S&P 500 Ex-Energy ETF during the 3rd quarter valued at approximately $208,000. Finally, Private Advisor Group LLC raised its position in ProShares S&P 500 Ex-Energy ETF by 28.0% during the 3rd quarter. Private Advisor Group LLC now owns 9,793 shares of the company’s stock valued at $707,000 after purchasing an additional 2,143 shares during the last quarter.

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.