Short Interest in ProShares UltraShort Semiconductors (NYSEARCA:SSG) Expands By 277.9%

ProShares UltraShort Semiconductors (NYSEARCA:SSG) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 79,943 shares, an increase of 277.9% from the July 30th total of 21,152 shares. Based on an average daily volume of 558,723 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.5% of the company’s shares are short sold.

ProShares UltraShort Semiconductors Trading Up 6.9%

SSG opened at $12.62 on Friday. ProShares UltraShort Semiconductors has a twelve month low of $10.91 and a twelve month high of $47.53. The company has a fifty day moving average of $12.64 and a 200-day moving average of $18.32.

Institutional Trading of ProShares UltraShort Semiconductors

A hedge fund recently raised its stake in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP lifted its holdings in ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 94.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,064 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission.

ProShares UltraShort Semiconductors Company Profile

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.