SPXE Stock Summary and Trading Ideas (ProShares S&P 500 Ex-Energy ETF | ARCA:SPXE)

ProShares S&P 500 Ex-Energy ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 Ex-Energy Index. The index seeks to provide exposure to the companies of the S&P 500 with the exception of those companies included in the energy sector. The S&P 500 is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability. The index classifies each company in the S&P 500 as part of a particular sector, using S&Ps Global Industry Classification Standards ("S&P GICS") to define companies within a sector. The following sectors are included within S&P GICS: consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecommunication services and utilities. A sector comprises multiple industries. For example, the energy sector comprises companies in, among others, the natural gas, oil and petroleum industries. The index consists of companies from each of the sectors other than the energy sector. Each security in the index is market-cap weighted according to the same rules as the S&P 500.

ProShares S&P 500 Ex-Energy ETF trades on the ARCA stock market under the symbol SPXE.

As of April 18, 2024, SPXE stock price declined to $53.42 with 332 million shares trading.

SPXE has a market cap of $47.55 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, SPXE stock traded as high as $56.22 and as low as $37.19.

SPXE has outperformed the market in the last year with a price return of +22.9% while the SPY ETF gained +22.3%. However, in the short term, SPXE had mixed performance relative to the market. It has underperformed in the last 3 months, returning +5.6% vs +6.1% return in SPY. But in the last 2 weeks, SPXE shares have fared better than the market returning -3.8% compared to SPY -3.8%.

SPXE support price is $53.06 and resistance is $54.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPXE stock will trade within this expected range on the day.