ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV) Sees Significant Decline in Short Interest

by · The Cerbat Gem

ProShares S&P 500 EX-Health Care ETF (NYSEARCA:SPXV – Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 2,419 shares, a decrease of 79.5% from the December 15th total of 11,802 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 948 shares, the short-interest ratio is currently 2.6 days. Based on an average daily volume of 948 shares, the short-interest ratio is currently 2.6 days. Currently, 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares S&P 500 EX-Health Care ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPXV. Atria Wealth Solutions Inc. acquired a new position in ProShares S&P 500 EX-Health Care ETF in the second quarter valued at approximately $216,000. Western Wealth Management LLC raised its position in ProShares S&P 500 EX-Health Care ETF by 3.7% in the second quarter. Western Wealth Management LLC now owns 5,151 shares of the company’s stock valued at $349,000 after purchasing an additional 183 shares during the period. Bank of America Corp DE lifted its stake in shares of ProShares S&P 500 EX-Health Care ETF by 815.0% in the 2nd quarter. Bank of America Corp DE now owns 13,835 shares of the company’s stock valued at $938,000 after purchasing an additional 12,323 shares during the last quarter. Finally, Cozad Asset Management Inc. acquired a new position in shares of ProShares S&P 500 EX-Health Care ETF in the 3rd quarter valued at $203,000.

ProShares S&P 500 EX-Health Care ETF Stock Up 0.8%

NYSEARCA:SPXV traded up $0.61 during mid-day trading on Thursday, reaching $75.88. The company’s stock had a trading volume of 2,611 shares, compared to its average volume of 2,001. The stock has a fifty day moving average of $74.36 and a 200-day moving average of $72.43. ProShares S&P 500 EX-Health Care ETF has a 1 year low of $51.95 and a 1 year high of $76.04. The firm has a market capitalization of $36.42 million, a PE ratio of 26.44 and a beta of 1.06.

ProShares S&P 500 EX-Health Care ETF Company Profile

(Get Free Report)

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

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