Short Interest in ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Drops By 13.3%

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 14,369 shares, a decrease of 13.3% from the January 15th total of 16,570 shares. Approximately 10.3% of the shares of the company are sold short. Based on an average trading volume of 6,063 shares, the days-to-cover ratio is presently 2.4 days. Based on an average trading volume of 6,063 shares, the days-to-cover ratio is presently 2.4 days. Approximately 10.3% of the shares of the company are sold short.

ProShares UltraShort Consumer Discretionary Trading Down 3.0%

ProShares UltraShort Consumer Discretionary stock traded down $0.45 during midday trading on Wednesday, reaching $14.81. 3,667 shares of the company’s stock were exchanged, compared to its average volume of 13,186. ProShares UltraShort Consumer Discretionary has a 52 week low of $13.12 and a 52 week high of $29.71. The stock’s 50-day simple moving average is $14.08 and its 200 day simple moving average is $14.82.

About ProShares UltraShort Consumer Discretionary

ProShares UltraShort Consumer Services (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Consumer Services Index (the Index). The Index measures the performance of consumer spending in the services industry of the United States equity market. Component companies include airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism.