ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Short Interest Update

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 264 shares, a drop of 60.7% from the July 30th total of 671 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,508 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ProShares Ultra Consumer Discretionary

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ProShares Ultra Consumer Discretionary during the third quarter worth $87,000. Citadel Advisors LLC acquired a new stake in shares of ProShares Ultra Consumer Discretionary in the third quarter valued at $209,000. Osaic Holdings Inc. bought a new position in shares of ProShares Ultra Consumer Discretionary in the second quarter valued at about $631,000. IMC Chicago LLC bought a new position in shares of ProShares Ultra Consumer Discretionary in the first quarter valued at about $1,472,000. Finally, WealthCare Asset Management LLC acquired a new position in ProShares Ultra Consumer Discretionary during the 4th quarter worth about $2,545,000.

ProShares Ultra Consumer Discretionary Price Performance

Shares of UCC traded up $0.85 on Friday, hitting $46.99. The company’s stock had a trading volume of 3,996 shares, compared to its average volume of 3,908. The company has a market capitalization of $10.34 million, a PE ratio of 29.58 and a beta of 2.23. ProShares Ultra Consumer Discretionary has a fifty-two week low of $39.96 and a fifty-two week high of $56.96. The company has a 50 day moving average price of $46.81 and a 200 day moving average price of $47.32.

ProShares Ultra Consumer Discretionary Company Profile

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.