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

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 626 shares, a decrease of 57.4% from the June 30th total of 1,471 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 791 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP purchased a new position in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 Performance

Shares of ProShares UltraShort Consumer Staples stock traded down $0.15 during trading on Wednesday, reaching $19.89. 1,740 shares of the stock were exchanged, compared to its average volume of 4,634. ProShares UltraShort Consumer Staples has a 1 year low of $18.40 and a 1 year high of $27.72. The stock’s fifty day moving average is $21.67 and its 200 day moving average is $21.83.

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.