Short Interest in ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Expands By 69.3%

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 2,884 shares, a growth of 69.3% from the January 29th total of 1,703 shares. Based on an average daily volume of 1,280 shares, the days-to-cover ratio is presently 2.3 days. Approximately 9.6% of the shares of the company are short sold. Approximately 9.6% of the shares of the company are short sold. Based on an average daily volume of 1,280 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Supply Chain Logistics ETF stock. Simplex Trading LLC bought a new position in shares of ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,002 shares of the company’s stock, valued at approximately $113,000. Simplex Trading LLC owned 12.01% of ProShares Supply Chain Logistics ETF as of its most recent SEC filing.

ProShares Supply Chain Logistics ETF Stock Up 0.5%

Shares of SUPL traded up $0.21 during trading hours on Friday, reaching $45.68. 336 shares of the company traded hands, compared to its average volume of 703. The business has a fifty day moving average price of $42.39 and a 200-day moving average price of $39.76. ProShares Supply Chain Logistics ETF has a 12-month low of $31.79 and a 12-month high of $45.68. The stock has a market capitalization of $1.37 million, a P/E ratio of 13.60 and a beta of 1.13.

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.