ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) Shares Shorted: Short Interest Up 408.7% in September

ProShares S&P 500 Ex-Energy ETF (NYSEARCA:SPXE) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 351 shares, an increase of 408.7% from the September 15th total of 69 shares. Based on an average daily trading volume, of 757 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are short sold.

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

Several large investors have recently added to or reduced their stakes in the business. Independent Financial Group LLC purchased a new stake in ProShares S&P 500 Ex-Energy ETF during the 1st quarter worth approximately $208,000. Centurion Wealth Management LLC boosted its position in ProShares S&P 500 Ex-Energy ETF by 6.5% in the 2nd quarter. Centurion Wealth Management LLC now owns 3,237 shares of the company’s stock valued at $261,000 after buying an additional 198 shares during the period. Royal Bank of Canada grew its stake in shares of ProShares S&P 500 Ex-Energy ETF by 3.5% in the first quarter. Royal Bank of Canada now owns 6,890 shares of the company’s stock worth $479,000 after acquiring an additional 235 shares in the last quarter. Citadel Advisors LLC increased its position in shares of ProShares S&P 500 Ex-Energy ETF by 160.7% during the second quarter. Citadel Advisors LLC now owns 9,996 shares of the company’s stock worth $807,000 after acquiring an additional 6,162 shares during the period. Finally, Range Advisory LLC increased its position in shares of ProShares S&P 500 Ex-Energy ETF by 2.0% during the second quarter. Range Advisory LLC now owns 16,614 shares of the company’s stock worth $1,341,000 after acquiring an additional 333 shares during the period.

ProShares S&P 500 Ex-Energy ETF Trading Up 0.6%

ProShares S&P 500 Ex-Energy ETF stock traded up $0.53 during midday trading on Friday, reaching $83.61. 486 shares of the stock traded hands, compared to its average volume of 1,282. The firm has a market cap of $87.79 million, a PE ratio of 26.41 and a beta of 1.02. The company has a 50-day simple moving average of $82.60 and a two-hundred day simple moving average of $79.58. ProShares S&P 500 Ex-Energy ETF has a 12-month low of $67.48 and a 12-month high of $84.00.

About ProShares S&P 500 Ex-Energy ETF

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.