Short Interest in ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Expands By 50.0%

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,200 shares, a growth of 50.0% from the September 30th total of 800 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPXV. Atria Wealth Solutions Inc. acquired a new position in shares of ProShares S&P 500 EX-Health Care ETF during the 2nd quarter worth $216,000. Western Wealth Management LLC increased its position in ProShares S&P 500 EX-Health Care ETF by 3.7% during the 2nd quarter. Western Wealth Management LLC now owns 5,151 shares of the company’s stock worth $349,000 after purchasing an additional 183 shares in the last quarter. Finally, Bank of America Corp DE increased its position in ProShares S&P 500 EX-Health Care ETF by 815.0% during the 2nd quarter. Bank of America Corp DE now owns 13,835 shares of the company’s stock worth $938,000 after purchasing an additional 12,323 shares in the last quarter.

ProShares S&P 500 EX-Health Care ETF Trading Up 0.1%

Shares of NYSEARCA:SPXV traded up $0.04 during midday trading on Monday, hitting $75.11. 328 shares of the stock were exchanged, compared to its average volume of 1,190. The stock has a market cap of $34.55 million, a P/E ratio of 26.44 and a beta of 1.06. ProShares S&P 500 EX-Health Care ETF has a twelve month low of $51.95 and a twelve month high of $75.82. The company has a 50 day moving average price of $72.91 and a 200-day moving average price of $68.43.

About ProShares S&P 500 EX-Health Care ETF

The ProShares S&P 500 ex-Health Care ETF (SPXV) is an exchange-traded fund that is based on the S&P 500 Ex-Health Care index, a market-cap-weighted index of US large-cap stocks, excluding firms in the healthcare sector. SPXV was launched on Sep 22, 2015 and is managed by ProShares.