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

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,035 shares, an increase of 670.8% from the August 15th total of 264 shares. Based on an average trading volume of 1,544 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.9% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares Ultra Consumer Discretionary

A number of hedge funds have recently added to or reduced their stakes in UCC. IMC Chicago LLC acquired a new position in ProShares Ultra Consumer Discretionary in the 1st quarter valued at $1,472,000. WealthCare Asset Management LLC acquired a new position in ProShares Ultra Consumer Discretionary in the fourth quarter valued at about $2,545,000. Northwestern Mutual Wealth Management Co. bought a new stake in ProShares Ultra Consumer Discretionary during the third quarter worth about $87,000. Citadel Advisors LLC acquired a new stake in ProShares Ultra Consumer Discretionary during the third quarter worth about $209,000. Finally, Osaic Holdings Inc. acquired a new stake in ProShares Ultra Consumer Discretionary during the second quarter worth about $631,000.

ProShares Ultra Consumer Discretionary Stock Down 1.3%

NYSEARCA UCC opened at $42.81 on Friday. The firm has a 50-day moving average price of $46.45 and a two-hundred day moving average price of $47.02. ProShares Ultra Consumer Discretionary has a 12-month low of $39.96 and a 12-month high of $56.96. The company has a market capitalization of $9.42 million, a P/E ratio of 29.58 and a beta of 2.23.

About ProShares Ultra Consumer Discretionary

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.