ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Down 42.2% in January

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,754 shares, a decrease of 42.2% from the January 15th total of 3,035 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average trading volume of 4,159 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 4,159 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.9% of the shares of the stock are sold short.

ProShares UltraShort Consumer Staples Trading Down 0.3%

Shares of SZK stock traded down $0.03 on Friday, reaching $9.71. The company’s stock had a trading volume of 26,008 shares, compared to its average volume of 14,274. The stock’s fifty day simple moving average is $11.83 and its 200-day simple moving average is $12.27. ProShares UltraShort Consumer Staples has a 1 year low of $9.20 and a 1 year high of $13.91.

Institutional Trading of ProShares UltraShort Consumer Staples

An institutional investor recently bought a new position in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP bought a new stake in shares of ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

ProShares UltraShort Consumer Staples Company Profile

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.