ProShares UltraShort Semiconductors (NYSEARCA:SSG) Shares Shorted: Short Interest Down 50.3% in September

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 50,435 shares, a drop of 50.3% from the August 31st total of 101,385 shares. Based on an average daily volume of 352,050 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Semiconductors stock. Quantinno Capital Management LP acquired a new stake in ProShares UltraShort Semiconductors (NYSEARCA:SSG) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,000 shares of the company’s stock, valued at approximately $510,000. Quantinno Capital Management LP owned 0.96% of ProShares UltraShort Semiconductors as of its most recent filing with the Securities and Exchange Commission.

ProShares UltraShort Semiconductors Price Performance

SSG traded down $0.06 during trading hours on Wednesday, hitting $10.46. 662,308 shares of the company’s stock were exchanged, compared to its average volume of 523,501. ProShares UltraShort Semiconductors has a 12-month low of $10.20 and a 12-month high of $38.11. The firm has a 50 day moving average of $12.23 and a 200 day moving average of $15.84.

About ProShares UltraShort Semiconductors

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game. 2nd Swing operates more than 65 stores in 24 states nationwide under the names 2nd Swing and 2GOLF.