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

by · The Cerbat Gem

ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL – Get Free Report) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 315 shares, a drop of 83.9% from the November 30th total of 1,958 shares. Based on an average trading volume of 530 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.1% of the company’s shares are sold short. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 530 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of ProShares Supply Chain Logistics ETF

An institutional investor recently bought a new position in ProShares Supply Chain Logistics ETF stock. Simplex Trading LLC acquired a new stake in shares of ProShares Supply Chain Logistics ETF (NYSEARCA:SUPL – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 3,002 shares of the company’s stock, valued at approximately $113,000. Simplex Trading LLC owned approximately 12.01% of ProShares Supply Chain Logistics ETF as of its most recent SEC filing.

ProShares Supply Chain Logistics ETF Stock Up 0.1%

Shares of ProShares Supply Chain Logistics ETF stock traded up $0.05 on Friday, hitting $40.37. The stock had a trading volume of 476 shares, compared to its average volume of 248. ProShares Supply Chain Logistics ETF has a one year low of $31.79 and a one year high of $40.81. The stock’s 50-day simple moving average is $38.96 and its two-hundred day simple moving average is $38.39. The stock has a market cap of $1.21 million, a price-to-earnings ratio of 13.60 and a beta of 1.13.

About ProShares Supply Chain Logistics ETF

(Get Free Report)

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.

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