ProShares UltraShort Semiconductors (NYSEARCA:SSG) Sees Large Drop in Short Interest

ProShares UltraShort Semiconductors (NYSEARCA:SSGGet Free Report) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 11,200 shares, a decrease of 83.9% from the May 15th total of 69,600 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 125,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of ProShares UltraShort Semiconductors

An institutional investor recently bought a new position in ProShares UltraShort Semiconductors stock. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSGFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,767 shares of the company’s stock, valued at approximately $584,000. Jane Street Group LLC owned approximately 3.81% of ProShares UltraShort Semiconductors at the end of the most recent reporting period.

ProShares UltraShort Semiconductors Stock Up 4.7%

Shares of SSG opened at $16.14 on Friday. The business’s 50 day simple moving average is $22.86 and its 200-day simple moving average is $26.09. ProShares UltraShort Semiconductors has a 1 year low of $15.34 and a 1 year high of $59.80.

ProShares UltraShort Semiconductors Company Profile

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Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game.

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