ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Sees Large Increase in Short Interest

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 3,035 shares, a growth of 326.3% from the December 31st total of 712 shares. Approximately 5.1% of the shares of the company are short sold. Based on an average daily volume of 6,174 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 6,174 shares, the days-to-cover ratio is presently 0.5 days. Approximately 5.1% of the shares of the company are short sold.

Institutional Investors 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 purchased a new position in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned about 21.02% of ProShares UltraShort Consumer Staples as of its most recent filing with the Securities & Exchange Commission.

ProShares UltraShort Consumer Staples Stock Performance

Shares of SZK traded down $0.13 during mid-day trading on Friday, reaching $11.40. 1,206 shares of the company’s stock traded hands, compared to its average volume of 4,798. The business’s 50-day moving average price is $12.37 and its 200-day moving average price is $12.39. ProShares UltraShort Consumer Staples has a 12 month low of $11.19 and a 12 month high of $13.91.

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.