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. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 1,331 shares, the days-to-cover ratio is currently 0.8 days.

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 bought a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 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 Up 0.4%

Shares of NYSEARCA:SZK traded up $0.08 during midday trading on Monday, reaching $21.20. 1,747 shares of the company’s stock were exchanged, compared to its average volume of 5,299. The firm’s 50 day simple moving average is $22.17 and its two-hundred day simple moving average is $22.68. ProShares UltraShort Consumer Staples has a fifty-two week low of $18.40 and a fifty-two week 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.