ProShares Supply Chain Logistics ETF (SUPL) has seen unusual trading volume, which is 24× higher than its average daily volume.
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The ETF’s top holding FedEx is in focus after J.P. Morgan reaffirmed a Hold rating and set a $432 price target, while other recent analyst reports highlight expectations for upside driven by a potential freight spin-off and operational improvements. Old Dominion Freight Line and XPO are both gaining attention as Stifel and other banks raised their price targets and reiterated Buy ratings ahead of first‑quarter less‑than‑truckload results, signaling confidence despite soft freight volumes. Among other key positions, CSX received multiple Buy‑rated target hikes to around $46 ahead of Q1 earnings, UPS was mentioned as a traditional returns drop‑off point as Uber launches a competing direct‑to‑retailer returns service, and C.H. Robinson rallied on lower fuel prices following a U.S.-Iran ceasefire and optimism heading into its late‑April earnings report.