ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Short Interest Up 147.5% in June

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 5,738 shares, a growth of 147.5% from the May 31st total of 2,318 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,580 shares, the days-to-cover ratio is presently 0.5 days.

ProShares S&P 500 Ex-Technology ETF Stock Performance

Shares of SPXT stock traded up $0.80 on Monday, reaching $108.35. 6,022 shares of the company were exchanged, compared to its average volume of 18,392. ProShares S&P 500 Ex-Technology ETF has a 1 year low of $95.10 and a 1 year high of $109.51. The business has a 50-day moving average price of $107.60 and a 200 day moving average price of $105.86. The company has a market cap of $276.29 million, a price-to-earnings ratio of 22.39 and a beta of 0.86.

Institutional Investors Weigh In On ProShares S&P 500 Ex-Technology ETF

A number of hedge funds have recently modified their holdings of SPXT. Northwestern Mutual Wealth Management Co. acquired a new position in ProShares S&P 500 Ex-Technology ETF during the third quarter worth about $30,000. AMJ Financial Wealth Management lifted its stake in ProShares S&P 500 Ex-Technology ETF by 14.5% in the 4th quarter. AMJ Financial Wealth Management now owns 4,094 shares of the company’s stock worth $425,000 after purchasing an additional 518 shares in the last quarter. Osaic Holdings Inc. lifted its stake in ProShares S&P 500 Ex-Technology ETF by 365.2% in 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 in the last quarter. Betterment LLC acquired a new position in shares of ProShares S&P 500 Ex-Technology ETF during the 4th quarter worth approximately $230,000. Finally, LPL Financial LLC boosted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 40.7% during the 4th quarter. LPL Financial LLC now owns 7,686 shares of the company’s stock worth $798,000 after purchasing an additional 2,224 shares during the last quarter.

ProShares S&P 500 Ex-Technology ETF Company Profile

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.