ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) Short Interest Down 62.0% in July

ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 294,480 shares, a decline of 62.0% from the June 30th total of 774,920 shares. Currently, 6.2% of the company’s shares are sold short. Based on an average daily volume of 1,709,593 shares, the short-interest ratio is presently 0.2 days.

ProShares Ultra SpaceX ETF Price Performance

NYSEARCA:SPCF opened at $11.07 on Wednesday. ProShares Ultra SpaceX ETF has a 12 month low of $9.55 and a 12 month high of $46.71.

ProShares Ultra SpaceX ETF Company Profile

SPCF, the ProShares Ultra SpaceX ETF, is a leveraged single-stock fund that seeks daily investment results, before fees and expenses, equal to 2x (200%) the daily performance of the common stock of SpaceX (SPCX). Because the fund pursues a daily objective and resets its exposure each day, it is designed as a short-term, tactical tool rather than a buy-and-hold investment: over any holding period longer than a single day, returns can differ significantly from 2x the underlying stock’s performance, and that gap tends to widen in more volatile markets.