ProShares Ultra Consumer Staples (NYSEARCA:UGE) Short Interest Update

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,257 shares, a decline of 41.3% from the August 31st total of 3,845 shares. Based on an average trading volume of 57,222 shares, the short-interest ratio is presently 0.0 days. Currently, 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares Ultra Consumer Staples

An institutional investor recently bought a new position in ProShares Ultra Consumer Staples stock. IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Consumer Staples (NYSEARCA:UGE) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,634 shares of the company’s stock, valued at approximately $601,000. IMC Chicago LLC owned 4.94% of ProShares Ultra Consumer Staples as of its most recent filing with the SEC.

ProShares Ultra Consumer Staples Stock Performance

Shares of UGE stock traded down $0.19 on Wednesday, hitting $17.67. 3,608 shares of the stock traded hands, compared to its average volume of 56,301. ProShares Ultra Consumer Staples has a twelve month low of $15.74 and a twelve month high of $22.26. The firm’s 50-day moving average price is $19.10 and its two-hundred day moving average price is $18.98. The stock has a market capitalization of $8.48 million, a PE ratio of 23.21 and a beta of 1.32.

ProShares Ultra Consumer Staples Company Profile

ProShares Ultra Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Consumer Goods Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.