ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Short Interest Up 431.8% in January

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 46,916 shares, a growth of 431.8% from the December 31st total of 8,822 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 28,570 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 28,570 shares, the short-interest ratio is currently 1.6 days. Approximately 1.8% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares S&P 500 Ex-Technology ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPXT. Northwestern Mutual Wealth Management Co. purchased a new stake in ProShares S&P 500 Ex-Technology ETF in the third quarter worth about $30,000. GPS Wealth Strategies Group LLC bought a new position in shares of ProShares S&P 500 Ex-Technology ETF in the second quarter worth approximately $77,000. CIBC Bancorp USA Inc. purchased a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the third quarter worth $240,000. New Wave Wealth Advisors LLC bought a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the 4th quarter valued at $245,000. Finally, Hengehold Capital Management LLC purchased a new position in shares of ProShares S&P 500 Ex-Technology ETF during the 3rd quarter valued at $360,000.

ProShares S&P 500 Ex-Technology ETF Stock Down 0.3%

Shares of NYSEARCA:SPXT opened at $106.36 on Wednesday. The firm’s 50 day moving average price is $104.28 and its 200-day moving average price is $101.14. The stock has a market capitalization of $271.22 million, a PE ratio of 22.39 and a beta of 0.91. ProShares S&P 500 Ex-Technology ETF has a twelve month low of $79.66 and a twelve month high of $106.86.

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.