ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,103 shares, a growth of 537.6% from the August 15th total of 173 shares. Based on an average daily volume of 1,042 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.5% of the shares of the company are sold short.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP bought a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned 21.02% of ProShares UltraShort Consumer Staples as of its most recent filing with the Securities and Exchange Commission (SEC).
ProShares UltraShort Consumer Staples Trading Down 0.2%
Shares of NYSEARCA SZK opened at $22.13 on Friday. ProShares UltraShort Consumer Staples has a 1-year low of $18.40 and a 1-year high of $27.72. The business’s 50 day moving average is $21.08 and its 200-day moving average is $21.64.
ProShares UltraShort Consumer Staples Company Profile
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.
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