ProShares Ultra Consumer Staples (NYSEARCA:UGE) Sees Significant Decline in Short Interest

ProShares Ultra Consumer Staples (NYSEARCA:UGE) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,711 shares, a drop of 80.9% from the November 30th total of 8,944 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 12,052 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 12,052 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the shares of the stock are sold short.

ProShares Ultra Consumer Staples Trading Up 0.4%

NYSEARCA UGE traded up $0.06 on Friday, reaching $16.96. The company’s stock had a trading volume of 3,806 shares, compared to its average volume of 28,060. ProShares Ultra Consumer Staples has a 52 week low of $15.74 and a 52 week high of $20.49. The firm has a market cap of $11.36 million, a PE ratio of 23.21 and a beta of 1.56. The business has a 50-day moving average price of $16.86 and a 200 day moving average price of $17.73.

Institutional Investors Weigh In On ProShares Ultra Consumer Staples

Several large investors have recently modified their holdings of UGE. EverSource Wealth Advisors LLC lifted its position in shares of ProShares Ultra Consumer Staples by 332.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock worth $147,000 after buying an additional 6,100 shares during the period. Envestnet Asset Management Inc. bought a new stake in ProShares Ultra Consumer Staples in the second quarter valued at $388,000. Finally, Susquehanna International Group LLP acquired a new position in ProShares Ultra Consumer Staples during the third quarter worth $478,000.

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.