ProShares Supply Chain Logistics ETF (SUPL) has seen unusual trading volume, which is 16× higher than its average daily volume.
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The ETF’s top holding Old Dominion Freight Line has drawn fresh attention after Morgan Stanley reiterated a Buy rating and Jefferies lifted its price target, even as the broader analyst consensus remains at Hold with limited upside from current levels. Another key less-than-truckload name, XPO, also benefited from Jefferies raising its price target and keeping a Buy rating, suggesting expectations for earnings-driven gains as the freight backdrop improves. Among the rail holdings, CSX saw multiple analysts raise price targets and reiterate bullish ratings following a solid first-quarter beat and higher margin guidance, while Union Pacific advanced after reporting stronger earnings, reaffirming its 2026 outlook, and drawing supportive Buy ratings that point to continued profitability and growth initiatives.