ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Shares Shorted: Short Interest Up 54.5% in September

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 2,245 shares, a growth of 54.5% from the September 15th total of 1,453 shares. Based on an average daily volume of 2,103 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares Ultra Consumer Discretionary

An institutional investor recently bought a new stake in ProShares Ultra Consumer Discretionary stock. IMC Chicago LLC purchased a new position in shares of ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 34,672 shares of the company’s stock, valued at approximately $1,472,000. IMC Chicago LLC owned 12.38% of ProShares Ultra Consumer Discretionary at the end of the most recent quarter.

ProShares Ultra Consumer Discretionary Stock Performance

NYSEARCA:UCC traded down $0.77 on Friday, hitting $42.88. The stock had a trading volume of 2,355 shares, compared to its average volume of 3,494. ProShares Ultra Consumer Discretionary has a 1 year low of $39.96 and a 1 year high of $56.96. The firm’s fifty day simple moving average is $44.30 and its two-hundred day simple moving average is $46.31. The stock has a market cap of $8.15 million, a P/E ratio of 29.58 and a beta of 2.27.

ProShares Ultra Consumer Discretionary Company Profile

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.