ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Update

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,073 shares, a drop of 47.2% from the May 14th total of 2,032 shares. Based on an average daily trading volume, of 1,331 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares UltraShort Consumer Staples

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP acquired a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned approximately 21.02% of ProShares UltraShort Consumer Staples at the end of the most recent reporting period.

ProShares UltraShort Consumer Staples Stock Down 0.8%

NYSEARCA:SZK traded down $0.16 during mid-day trading on Friday, reaching $21.12. The company’s stock had a trading volume of 2,742 shares, compared to its average volume of 5,331. The company’s fifty day simple moving average is $22.20 and its two-hundred day simple moving average is $22.74. ProShares UltraShort Consumer Staples has a twelve month low of $18.40 and a twelve month high of $27.72.

About ProShares UltraShort Consumer Staples

ProShares UltraShort Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Consumer Goods Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.