ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Sees Significant Drop in Short Interest

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,277 shares, a decline of 45.2% from the April 15th total of 2,330 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,252 shares, the days-to-cover ratio is currently 0.3 days.

ProShares Supply Chain Logistics ETF Price Performance

Shares of NYSEARCA SUPL traded down $0.16 during mid-day trading on Friday, hitting $44.94. 667 shares of the stock traded hands, compared to its average volume of 919. The company has a market cap of $2.25 million, a PE ratio of 13.60 and a beta of 1.07. ProShares Supply Chain Logistics ETF has a twelve month low of $36.69 and a twelve month high of $48.69. The firm has a 50 day simple moving average of $43.89 and a two-hundred day simple moving average of $42.01.

ProShares Supply Chain Logistics ETF Company Profile

The ProShares Supply Chain Logistics ETF (SUPL) is an exchange-traded fund that is based on the FactSet Supply Chain Logistics index, a market-cap-weighted index of companies involved in the supply chain logistics of raw materials, intermediate goods, and finished products around the globe. SUPL was launched on Apr 6, 2022 and is managed by ProShares.