ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Short Interest Up 227.7% in May

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,848 shares, an increase of 227.7% from the April 30th total of 2,700 shares. Based on an average daily volume of 32,147 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares S&P 500 Ex-Technology ETF

Several institutional investors have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. boosted its position in ProShares S&P 500 Ex-Technology ETF by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 136,832 shares of the company’s stock valued at $14,212,000 after buying an additional 5,291 shares during the period. Goldman Sachs Group Inc. boosted its position in ProShares S&P 500 Ex-Technology ETF by 9.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,561 shares of the company’s stock valued at $2,602,000 after buying an additional 2,560 shares during the period. Ascentis Independent Advisors boosted its position in ProShares S&P 500 Ex-Technology ETF by 87.4% during the 1st quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock valued at $2,274,000 after buying an additional 10,464 shares during the period. Bank of America Corp DE purchased a new stake in ProShares S&P 500 Ex-Technology ETF during the 2nd quarter valued at $1,081,000. Finally, Susquehanna International Group LLP boosted its position in ProShares S&P 500 Ex-Technology ETF by 64.4% during the 3rd quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock valued at $952,000 after buying an additional 3,703 shares during the period.

ProShares S&P 500 Ex-Technology ETF Stock Performance

Shares of SPXT stock traded down $0.67 on Friday, hitting $108.21. 22,164 shares of the company’s stock traded hands, compared to its average volume of 19,657. ProShares S&P 500 Ex-Technology ETF has a one year low of $92.84 and a one year high of $109.18. The company’s fifty day simple moving average is $105.56 and its 200 day simple moving average is $105.06. The stock has a market capitalization of $275.94 million, a price-to-earnings ratio of 22.39 and a beta of 0.87.

About ProShares S&P 500 Ex-Technology ETF

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.