ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Shares Down 0.8% – Time to Sell?

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT)’s stock price dropped 0.8% during trading on Tuesday . The company traded as low as $110.52 and last traded at $110.52. Approximately 10,056 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 17,735 shares. The stock had previously closed at $111.39.

ProShares S&P 500 Ex-Technology ETF Price Performance

The stock has a market capitalization of $284.04 million, a P/E ratio of 22.39 and a beta of 0.85. The company’s 50 day simple moving average is $110.89 and its two-hundred day simple moving average is $107.76.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of ProShares S&P 500 Ex-Technology ETF by 9.8% during the first quarter. Goldman Sachs Group Inc. now owns 28,561 shares of the company’s stock valued at $2,602,000 after purchasing an additional 2,560 shares during the last quarter. Ascentis Independent Advisors raised its position in ProShares S&P 500 Ex-Technology ETF by 87.4% in the 1st quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock worth $2,274,000 after purchasing an additional 10,464 shares during the last quarter. Bank of America Corp DE acquired a new position in ProShares S&P 500 Ex-Technology ETF during the 2nd quarter worth $1,081,000. Susquehanna International Group LLP lifted its holdings in ProShares S&P 500 Ex-Technology ETF by 64.4% during the 3rd quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock worth $952,000 after buying an additional 3,703 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in ProShares S&P 500 Ex-Technology ETF in the 4th quarter valued at $865,000.

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.