ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Sees Large Decline in Short Interest

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,318 shares, a decline of 73.8% from the May 14th total of 8,848 shares. Based on an average trading volume of 12,676 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

ProShares S&P 500 Ex-Technology ETF Stock Up 0.5%

ProShares S&P 500 Ex-Technology ETF stock traded up $0.58 during trading on Friday, reaching $107.91. The stock had a trading volume of 4,329 shares, compared to its average volume of 18,940. ProShares S&P 500 Ex-Technology ETF has a 52-week low of $92.99 and a 52-week high of $109.18. The business has a 50 day moving average price of $106.88 and a 200 day moving average price of $105.52. The stock has a market cap of $275.17 million, a PE ratio of 22.39 and a beta of 0.86.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SPXT. Goldman Sachs Group Inc. lifted its stake in ProShares S&P 500 Ex-Technology ETF by 9.8% in the first quarter. Goldman Sachs Group Inc. now owns 28,561 shares of the company’s stock worth $2,602,000 after acquiring an additional 2,560 shares during the last quarter. Bank of America Corp DE purchased a new position in ProShares S&P 500 Ex-Technology ETF in the second quarter worth approximately $1,081,000. AMJ Financial Wealth Management lifted its stake in ProShares S&P 500 Ex-Technology ETF by 27.8% in the third quarter. AMJ Financial Wealth Management now owns 3,576 shares of the company’s stock worth $360,000 after acquiring an additional 777 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in ProShares S&P 500 Ex-Technology ETF in the third quarter worth approximately $30,000. Finally, Susquehanna International Group LLP lifted its stake in ProShares S&P 500 Ex-Technology ETF by 64.4% in the third quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock worth $952,000 after acquiring an additional 3,703 shares during the last quarter.

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.