ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Sees Significant Drop in Short Interest
by Jessica Moore · The Cerbat GemProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,700 shares, a drop of 54.8% from the April 15th total of 5,974 shares. Based on an average daily trading volume, of 38,928 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.
Hedge Funds Weigh In On ProShares S&P 500 Ex-Technology ETF
Several large investors have recently made changes to their positions in the business. Armstrong Advisory Group Inc. lifted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 136,832 shares of the company’s stock valued at $14,212,000 after purchasing an additional 5,291 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 9.8% during the first quarter. Goldman Sachs Group Inc. now owns 28,561 shares of the company’s stock valued at $2,602,000 after purchasing an additional 2,560 shares during the last quarter. Ascentis Independent Advisors lifted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 87.4% during the first quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock valued at $2,274,000 after purchasing an additional 10,464 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of ProShares S&P 500 Ex-Technology ETF during the second quarter valued at approximately $1,081,000. Finally, Susquehanna International Group LLP lifted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 64.4% during the third quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock valued at $952,000 after purchasing an additional 3,703 shares during the last quarter.
ProShares S&P 500 Ex-Technology ETF Stock Down 1.0%
Shares of SPXT stock traded down $1.12 during trading hours on Friday, hitting $107.47. 4,841 shares of the company’s stock traded hands, compared to its average volume of 20,413. The stock’s fifty day simple moving average is $104.82 and its two-hundred day simple moving average is $104.58. ProShares S&P 500 Ex-Technology ETF has a 12-month low of $91.56 and a 12-month high of $109.18. The stock has a market cap of $274.05 million, a price-to-earnings ratio of 22.39 and a beta of 0.87.
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.