Short Interest in ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Decreases By 38.3%

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 579 shares, a drop of 38.3% from the June 30th total of 938 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 1,921 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On ProShares Ultra Consumer Discretionary

A number of institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares Ultra Consumer Discretionary in the 3rd quarter valued at $87,000. Citadel Advisors LLC acquired a new position in ProShares Ultra Consumer Discretionary during the third quarter worth $209,000. Osaic Holdings Inc. acquired a new position in ProShares Ultra Consumer Discretionary during the second quarter worth $631,000. IMC Chicago LLC bought a new position in shares of ProShares Ultra Consumer Discretionary in the first quarter valued at $1,472,000. Finally, WealthCare Asset Management LLC bought a new position in shares of ProShares Ultra Consumer Discretionary in the fourth quarter valued at $2,545,000.

ProShares Ultra Consumer Discretionary Price Performance

Shares of UCC stock traded up $0.55 on Thursday, reaching $43.56. 4,791 shares of the company were exchanged, compared to its average volume of 4,035. The company has a market cap of $9.58 million, a price-to-earnings ratio of 29.58 and a beta of 2.23. The company has a 50-day moving average of $47.26 and a 200-day moving average of $48.25. ProShares Ultra Consumer Discretionary has a one year low of $39.96 and a one year high of $56.96.

About ProShares Ultra Consumer Discretionary

ProShares Ultra Consumer Services (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Consumer Goods Index. The Dow Jones United States Consumer Goods Index measures the performance of consumer spending in the goods industry of the United States equity market. Component companies include automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories and footwear.