ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Short Interest Down 65.3% in August

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 24,146 shares, a drop of 65.3% from the July 30th total of 69,642 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average trading volume of 9,434 shares, the short-interest ratio is presently 2.6 days.

ProShares UltraShort Consumer Discretionary Price Performance

Shares of NYSEARCA:SCC opened at $14.43 on Friday. ProShares UltraShort Consumer Discretionary has a 12-month low of $13.12 and a 12-month high of $18.30. The business has a 50 day moving average of $14.75 and a two-hundred day moving average of $15.09.

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.