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

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,845 shares, a decline of 36.9% from the August 15th total of 6,089 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 18,515 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of ProShares Ultra Consumer Staples

A hedge fund recently bought a new position in ProShares Ultra Consumer Staples stock. IMC Chicago LLC acquired a new position in shares of ProShares Ultra Consumer Staples (NYSEARCA:UGE) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 32,634 shares of the company’s stock, valued at approximately $601,000. IMC Chicago LLC owned 4.94% of ProShares Ultra Consumer Staples at the end of the most recent quarter.

ProShares Ultra Consumer Staples Stock Performance

Shares of NYSEARCA:UGE opened at $18.58 on Wednesday. ProShares Ultra Consumer Staples has a 52 week low of $15.74 and a 52 week high of $22.26. The company has a market capitalization of $1.67 million, a PE ratio of 23.21 and a beta of 1.32. The company has a 50 day moving average price of $19.30 and a two-hundred day moving average price of $19.16.

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.