ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Sees Large Decline in Short Interest

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 2,032 shares, a decline of 39.4% from the April 30th total of 3,354 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 1,695 shares, the days-to-cover ratio is currently 1.2 days.

ProShares UltraShort Consumer Staples Stock Performance

Shares of SZK stock traded up $0.10 during trading on Wednesday, reaching $23.20. The company’s stock had a trading volume of 1,837 shares, compared to its average volume of 5,589. The business has a fifty day moving average price of $22.39 and a 200-day moving average price of $22.98. ProShares UltraShort Consumer Staples has a one year low of $18.40 and a one year high of $27.72.

Institutional Trading of 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 position in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

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.