ProShares Ultra Consumer Staples (NYSEARCA:UGE) Shares Shorted: Short Interest Down 49.0% in October

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,456 shares, a decrease of 49.0% from the September 30th total of 2,853 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 17,484 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On ProShares Ultra Consumer Staples

A hedge fund recently bought a new position in ProShares Ultra Consumer Staples stock. IMC Chicago LLC bought a new position in ProShares Ultra Consumer Staples (NYSEARCA:UGE) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,634 shares of the company’s stock, valued at approximately $601,000. IMC Chicago LLC owned about 4.94% of ProShares Ultra Consumer Staples as of its most recent SEC filing.

ProShares Ultra Consumer Staples Stock Up 3.1%

ProShares Ultra Consumer Staples stock traded up $0.64 during trading hours on Friday, hitting $21.19. The stock had a trading volume of 148,252 shares, compared to its average volume of 54,417. ProShares Ultra Consumer Staples has a 12-month low of $15.74 and a 12-month high of $22.26. The stock’s 50-day moving average price is $19.05 and its 200-day moving average price is $19.28. The stock has a market capitalization of $11.44 million, a P/E ratio of 23.21 and a beta of 1.34.

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.