Short Interest in ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Drops By 91.0%

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 269 shares, a decrease of 91.0% from the April 30th total of 2,987 shares. Based on an average daily volume of 3,257 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

ProShares Ultra Consumer Discretionary Stock Performance

ProShares Ultra Consumer Discretionary stock traded up $0.37 during trading hours on Thursday, reaching $52.40. 196 shares of the company’s stock traded hands, compared to its average volume of 4,049. ProShares Ultra Consumer Discretionary has a fifty-two week low of $39.96 and a fifty-two week high of $56.96. The firm has a market capitalization of $14.67 million, a price-to-earnings ratio of 29.58 and a beta of 2.25. The firm’s 50 day moving average is $47.04 and its 200-day moving average is $49.84.

Institutional Trading of ProShares Ultra Consumer Discretionary

A number of institutional investors and hedge funds have recently modified their holdings of UCC. WealthCare Asset Management LLC bought a new stake in ProShares Ultra Consumer Discretionary during the 4th quarter worth approximately $2,545,000. IMC Chicago LLC bought a new stake in ProShares Ultra Consumer Discretionary during the 1st quarter worth approximately $1,472,000. Osaic Holdings Inc. bought a new stake in ProShares Ultra Consumer Discretionary during the 2nd quarter worth approximately $631,000. Citadel Advisors LLC bought a new stake in ProShares Ultra Consumer Discretionary during the 3rd quarter worth approximately $209,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in ProShares Ultra Consumer Discretionary during the 3rd quarter worth approximately $87,000.

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.