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

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 1,116 shares, a decline of 35.6% from the January 29th total of 1,733 shares. Based on an average trading volume of 2,449 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,449 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPXE. Tableaux LLC bought a new stake in shares of ProShares S&P 500 Ex-Energy ETF in the 2nd quarter worth approximately $10,970,000. Sterling Investment Counsel LLC purchased a new position in ProShares S&P 500 Ex-Energy ETF in the 3rd quarter worth $325,000. Thrivent Financial for Lutherans bought a new stake in ProShares S&P 500 Ex-Energy ETF in the third quarter worth $208,000. Bank of America Corp DE boosted its position in 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 valued at $1,060,000 after buying an additional 12,816 shares during the period. Finally, LPL Financial LLC grew its stake in shares of ProShares S&P 500 Ex-Energy ETF by 5.5% during the fourth quarter. LPL Financial LLC now owns 27,710 shares of the company’s stock valued at $2,047,000 after buying an additional 1,439 shares during the last quarter.

ProShares S&P 500 Ex-Energy ETF Price Performance

SPXE stock traded down $0.42 during mid-day trading on Friday, hitting $73.70. 167 shares of the stock were exchanged, compared to its average volume of 1,668. The business has a fifty day moving average price of $74.33 and a 200 day moving average price of $72.87. ProShares S&P 500 Ex-Energy ETF has a 12 month low of $52.40 and a 12 month high of $75.25. The stock has a market capitalization of $75.17 million, a price-to-earnings ratio of 26.41 and a beta of 1.01.

ProShares S&P 500 Ex-Energy ETF Company Profile

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.