Short Interest in ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) Expands By 191.3%

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 6,379 shares, an increase of 191.3% from the June 30th total of 2,190 shares. Based on an average trading volume of 1,101 shares, the short-interest ratio is presently 5.8 days. Approximately 12.8% of the company’s shares are short sold.

ProShares Supply Chain Logistics ETF Trading Down 0.3%

NYSEARCA:SUPL opened at $47.31 on Wednesday. The firm’s fifty day simple moving average is $46.78 and its 200 day simple moving average is $44.75. ProShares Supply Chain Logistics ETF has a twelve month low of $36.69 and a twelve month high of $50.16. The firm has a market capitalization of $2.37 million, a price-to-earnings ratio of 13.60 and a beta of 1.06.

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.