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

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,640 shares, a growth of 509.7% from the May 14th total of 269 shares. Based on an average daily trading volume, of 3,412 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the company’s stock are sold short.

ProShares Ultra Consumer Discretionary Stock Performance

Shares of UCC stock traded down $2.03 during mid-day trading on Wednesday, reaching $45.14. 1,986 shares of the company were exchanged, compared to its average volume of 4,226. ProShares Ultra Consumer Discretionary has a fifty-two week low of $39.96 and a fifty-two week high of $56.96. The company has a market capitalization of $12.64 million, a P/E ratio of 29.58 and a beta of 2.22. The business’s 50 day simple moving average is $48.05 and its 200 day simple moving average is $49.76.

Institutional Trading of ProShares Ultra Consumer Discretionary

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ProShares Ultra Consumer Discretionary during the third quarter worth approximately $87,000. Citadel Advisors LLC acquired a new stake in shares of ProShares Ultra Consumer Discretionary during the third quarter worth approximately $209,000. Osaic Holdings Inc. acquired a new stake in shares of ProShares Ultra Consumer Discretionary during the second quarter worth approximately $631,000. IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Consumer Discretionary during the first quarter worth approximately $1,472,000. Finally, WealthCare Asset Management LLC acquired a new stake in shares of ProShares Ultra Consumer Discretionary during the fourth quarter worth approximately $2,545,000.

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.