Short Interest in ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Rises By 17.9%

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,574 shares, an increase of 17.9% from the February 26th total of 3,878 shares. Based on an average daily volume of 13,930 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPXT. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the 3rd quarter valued at approximately $30,000. Osaic Holdings Inc. lifted its position in shares of ProShares S&P 500 Ex-Technology ETF by 365.2% during the 4th quarter. Osaic Holdings Inc. now owns 1,470 shares of the company’s stock worth $153,000 after purchasing an additional 1,154 shares during the last quarter. Betterment LLC acquired a new position in shares of ProShares S&P 500 Ex-Technology ETF during the fourth quarter worth $230,000. EP Wealth Advisors LLC acquired a new position in shares of ProShares S&P 500 Ex-Technology ETF during the fourth quarter worth $239,000. Finally, CIBC Bancorp USA Inc. purchased a new position in ProShares S&P 500 Ex-Technology ETF in the third quarter valued at $240,000.

ProShares S&P 500 Ex-Technology ETF Stock Performance

Shares of SPXT traded up $1.97 during midday trading on Tuesday, hitting $101.15. The company had a trading volume of 5,074 shares, compared to its average volume of 16,058. The company’s 50-day simple moving average is $105.25 and its 200-day simple moving average is $103.40. The firm has a market capitalization of $257.93 million, a P/E ratio of 22.39 and a beta of 0.91. ProShares S&P 500 Ex-Technology ETF has a 1 year low of $79.66 and a 1 year high of $108.04.

About ProShares S&P 500 Ex-Technology ETF

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