ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Stock Short Interest Falls 88.1%

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 160 shares, a decline of 88.1% from the September 15th total of 1,340 shares. Based on an average daily trading volume, of 18,662 shares, the short-interest ratio is presently 0.0 days. Approximately 0.4% of the company’s stock are sold short.

ProShares UltraShort Consumer Staples Price Performance

Shares of NYSEARCA:SZK traded up $0.05 during midday trading on Friday, reaching $20.99. The company had a trading volume of 7,869 shares, compared to its average volume of 4,957. ProShares UltraShort Consumer Staples has a 1-year low of $18.40 and a 1-year high of $27.72. The business’s 50 day moving average price is $21.36 and its 200 day moving average price is $21.77.

About ProShares UltraShort Consumer Staples

ProShares UltraShort Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.