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

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 99 shares, a decrease of 93.4% from the August 15th total of 1,504 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

ProShares S&P 500 Ex-Energy ETF Stock Down 0.6%

NYSEARCA SPXE traded down $0.48 during trading on Thursday, hitting $81.37. 314 shares of the stock traded hands, compared to its average volume of 1,337. The company has a market capitalization of $84.62 million, a P/E ratio of 26.41 and a beta of 1.02. ProShares S&P 500 Ex-Energy ETF has a 12-month low of $67.48 and a 12-month high of $83.70. The firm has a 50-day simple moving average of $81.67 and a 200-day simple moving average of $78.15.

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

Several hedge funds have recently bought and sold shares of SPXE. JPMorgan Chase & Co. grew its position in shares of ProShares S&P 500 Ex-Energy ETF by 0.3% during the 4th quarter. JPMorgan Chase & Co. now owns 52,240 shares of the company’s stock worth $3,860,000 after buying an additional 150 shares in the last quarter. LPL Financial LLC lifted its stake in shares of ProShares S&P 500 Ex-Energy ETF by 5.5% during the 4th quarter. LPL Financial LLC now owns 27,710 shares of the company’s stock worth $2,047,000 after purchasing an additional 1,439 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of ProShares S&P 500 Ex-Energy ETF by 11.6% in the 3rd quarter. Bank of America Corp DE now owns 17,693 shares of the company’s stock valued at $1,277,000 after buying an additional 1,845 shares in the last quarter. Range Advisory LLC boosted its stake in ProShares S&P 500 Ex-Energy ETF by 2.0% in the second quarter. Range Advisory LLC now owns 16,614 shares of the company’s stock valued at $1,341,000 after acquiring an additional 333 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of ProShares S&P 500 Ex-Energy ETF by 160.7% in the 2nd quarter. Citadel Advisors LLC now owns 9,996 shares of the company’s stock worth $807,000 after purchasing an additional 6,162 shares in the last quarter.

ProShares S&P 500 Ex-Energy ETF Company Profile

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.