ProShares UltraShort Semiconductors (NYSEARCA:SSG) Short Interest Up 90.2% in July

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 49,055 shares, an increase of 90.2% from the June 30th total of 25,793 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,006,939 shares, the short-interest ratio is presently 0.0 days.

ProShares UltraShort Semiconductors Stock Performance

NYSEARCA:SSG traded down $0.14 during midday trading on Friday, reaching $13.85. The stock had a trading volume of 837,820 shares, compared to its average volume of 523,576. ProShares UltraShort Semiconductors has a 1-year low of $10.91 and a 1-year high of $47.82. The firm’s fifty day simple moving average is $12.93 and its 200-day simple moving average is $20.62.

Institutional Investors Weigh In On ProShares UltraShort Semiconductors

A hedge fund recently raised its stake in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP boosted its holdings in ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 94.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,064 shares of the company’s stock after buying an additional 10,257 shares during the period. Susquehanna International Group LLP owned approximately 1.24% of ProShares UltraShort Semiconductors worth $195,000 as of its most recent SEC filing.

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.