SPXT Short Interest Falls 30.9% — ProShares S&P 500 Ex-Technology ETF Update
SPXT short interest fell 30.9% to 8,822 shares by Dec 31. With average volume 17,593, days-to-cover ~0.5. What this means for ETF investors and market outlook.
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Short interest in the ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) saw a notable decline at the end of December. As of December 31, short interest totaled 8,822 shares, a decrease of 30.9% from the December 15 level of 12,761 shares. This short interest update highlights changing sentiment around SPXT and may be relevant for ETF traders and investors tracking bearish positions.
Based on an average daily trading volume of 17,593 shares, SPXT’s days-to-cover ratio is approximately 0.5. A days-to-cover around half a day indicates that, at current volume levels, it would take short sellers only a short time to buy back shares and close positions. Low days-to-cover typically suggests limited short-driven liquidity pressure, which can reduce the likelihood of sudden short-covering squeezes but also reflects relatively light short interest overall.
Why this matters: a drop in short interest can mean several things. It may reflect declining bearish bets on the ETF, short sellers taking profits, or risk managers reducing exposure ahead of year-end. For a fund like the ProShares S&P 500 Ex-Technology ETF, which excludes the technology sector, shifts in short interest could also signal changing views on sectoral resilience or reallocation by traders seeking different risk exposures.
Investors tracking SPXT should consider the broader context. Short interest is one data point alongside fund flows, underlying holdings, and market-wide volatility. SPXT’s strategy — providing S&P 500 exposure without technology — can attract investors seeking sector diversification, and lower short interest could reduce volatility tied to aggressive short-covering events.
Practical takeaway: monitor short interest trends together with average trading volume and fund performance. A continued decline in short interest strengthens the case that bearish pressure has eased, but sudden market moves can still change dynamics quickly. For those trading NYSEARCA:SPXT, keep an eye on volume spikes, earnings seasons, and macro news that could prompt rapid position adjustments.
As always, consider consulting a financial advisor to interpret short interest updates in light of your portfolio goals. Short interest data like this SPXT update is useful for research but should be combined with other fundamentals and technical indicators before making investment decisions.
Published on: January 19, 2026, 11:05 am
