ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) Short Interest Update

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 715 shares, a drop of 82.3% from the April 15th total of 4,029 shares. Based on an average trading volume of 796 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the shares of the company are short sold.

ProShares S&P 500 Ex-Energy ETF Trading Up 0.8%

Shares of NYSEARCA SPXE traded up $0.66 during mid-day trading on Thursday, hitting $80.58. The company had a trading volume of 130 shares, compared to its average volume of 1,598. ProShares S&P 500 Ex-Energy ETF has a 1 year low of $62.59 and a 1 year high of $80.58. The company has a market capitalization of $83.00 million, a price-to-earnings ratio of 26.41 and a beta of 1.02. The stock’s 50-day moving average price is $73.78 and its 200-day moving average price is $73.84.

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

Several hedge funds and other institutional investors have recently modified their holdings of SPXE. Independent Financial Group LLC purchased a new stake in shares of ProShares S&P 500 Ex-Energy ETF in the first quarter worth about $208,000. Thrivent Financial for Lutherans purchased a new position in ProShares S&P 500 Ex-Energy ETF during the third quarter valued at approximately $208,000. Royal Bank of Canada increased its holdings in ProShares S&P 500 Ex-Energy ETF by 6.7% during the 4th quarter. Royal Bank of Canada now owns 6,655 shares of the company’s stock worth $492,000 after acquiring an additional 420 shares during the period. EP Wealth Advisors LLC bought a new stake in ProShares S&P 500 Ex-Energy ETF during the 4th quarter worth approximately $620,000. Finally, Private Advisor Group LLC lifted its stake in ProShares S&P 500 Ex-Energy ETF by 28.0% in the 3rd quarter. Private Advisor Group LLC now owns 9,793 shares of the company’s stock worth $707,000 after purchasing an additional 2,143 shares in 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.