ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Sees Significant Increase in Short Interest

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 741 shares, a growth of 135.2% from the December 15th total of 315 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average daily volume of 285 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily volume of 285 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.5% of the company’s stock are sold short.

ProShares Supply Chain Logistics ETF Price Performance

Shares of NYSEARCA SUPL traded down $0.00 during midday trading on Friday, reaching $41.43. 323 shares of the company traded hands, compared to its average volume of 852. ProShares Supply Chain Logistics ETF has a 52 week low of $31.79 and a 52 week high of $42.14. The stock has a 50-day moving average price of $39.75 and a 200 day moving average price of $38.67. The company has a market cap of $1.24 million, a price-to-earnings ratio of 13.60 and a beta of 1.13.

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 ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) in the second quarter, according to 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 about 12.01% of ProShares Supply Chain Logistics ETF at the end of the most recent quarter.

About ProShares Supply Chain Logistics ETF

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.