ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Sees Significant Growth in Short Interest

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 4,574 shares, a growth of 17.9% from the February 26th total of 3,878 shares. Based on an average daily trading volume, of 13,930 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

ProShares S&P 500 Ex-Technology ETF Stock Performance

ProShares S&P 500 Ex-Technology ETF stock opened at $101.99 on Thursday. The stock has a market cap of $260.07 million, a PE ratio of 22.39 and a beta of 0.91. The stock has a 50-day moving average of $105.10 and a two-hundred day moving average of $103.39. ProShares S&P 500 Ex-Technology ETF has a one year low of $79.66 and a one year high of $108.04.

Institutional Trading of ProShares S&P 500 Ex-Technology ETF

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 9.8% in the first quarter. Goldman Sachs Group Inc. now owns 28,561 shares of the company’s stock worth $2,602,000 after buying an additional 2,560 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the second quarter valued at $1,081,000. Armstrong Advisory Group Inc. increased its position in shares of ProShares S&P 500 Ex-Technology ETF by 1.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 131,541 shares of the company’s stock valued at $13,256,000 after acquiring an additional 2,416 shares during the period. Hengehold Capital Management LLC acquired a new stake in ProShares S&P 500 Ex-Technology ETF during the 3rd quarter worth about $360,000. Finally, Golden State Equity Partners grew its stake in ProShares S&P 500 Ex-Technology ETF by 1.5% during the 3rd quarter. Golden State Equity Partners now owns 12,743 shares of the company’s stock valued at $1,281,000 after purchasing an additional 194 shares during the last quarter.

ProShares S&P 500 Ex-Technology ETF Company Profile

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.