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

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 556 shares, a growth of 157.4% from the November 30th total of 216 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,317 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 1,317 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SPXE. Stratos Wealth Partners LTD. boosted its stake in ProShares S&P 500 Ex-Energy ETF by 10.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,220 shares of the company’s stock valued at $282,000 after purchasing an additional 402 shares during the period. Centurion Wealth Management LLC acquired a new position in shares of ProShares S&P 500 Ex-Energy ETF during the second quarter worth approximately $201,000. Tableaux LLC bought a new stake in shares of ProShares S&P 500 Ex-Energy ETF in the second quarter valued at approximately $10,970,000. Sterling Investment Counsel LLC bought a new stake in shares of ProShares S&P 500 Ex-Energy ETF in the third quarter valued at approximately $325,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of ProShares S&P 500 Ex-Energy ETF in the third quarter worth $208,000.

ProShares S&P 500 Ex-Energy ETF Stock Performance

Shares of NYSEARCA SPXE traded down $0.01 during mid-day trading on Friday, reaching $74.75. The company had a trading volume of 402 shares, compared to its average volume of 1,800. The stock has a market capitalization of $74.00 million, a PE ratio of 26.41 and a beta of 1.01. ProShares S&P 500 Ex-Energy ETF has a twelve month low of $52.40 and a twelve month high of $74.77. The stock’s 50 day moving average is $73.41 and its 200-day moving average is $70.62.

About ProShares S&P 500 Ex-Energy ETF

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