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

ProShares S&P 500 Ex-Financials ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 Ex-Financials and Real Estate Index. The index seeks to provide exposure to the companies of the S&P 500 with the exception of those companies included in the financials & real estate 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 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 financials sector comprises companies in, among others, the banking, brokerage and insurance industries. The index consists of companies from each of the sectors other than the financials & real estate 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-Financials ETF trades on the ARCA stock market under the symbol SPXN.

As of April 19, 2024, SPXN stock price declined to $53.38 with 1,390 million shares trading.

SPXN has a market cap of $54.98 million. This is considered a Micro Cap stock.

In the last 3 years, SPXN stock traded as high as $56.55 and as low as $37.85.

SPXN has outperformed the market in the last year with a return of +21.8%, while the SPY ETF gained +21.2%. However, in the most recent history, SPXN shares have underperformed the stock market with its stock returning +2.8% in the last 3 month period and -4.7% for the last 2 week period, while SPY has returned +3.0% and -4.5%, respectively.

SPXN support price is $53.55 and resistance is $54.51 (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 SPXN stock will trade within this expected range on the day.