ProShares Ultra Consumer Staples (NYSEARCA:UGE – Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 11,050 shares, a decrease of 12.9% from the December 31st total of 12,684 shares. Based on an average daily volume of 40,654 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.8% of the shares of the stock are short sold. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily volume of 40,654 shares, the days-to-cover ratio is presently 0.3 days.
ProShares Ultra Consumer Staples Stock Up 2.5%
Shares of UGE opened at $19.64 on Tuesday. ProShares Ultra Consumer Staples has a 52-week low of $15.74 and a 52-week high of $20.49. The stock has a market cap of $9.43 million, a PE ratio of 23.21 and a beta of 1.56. The firm’s fifty day moving average is $17.55 and its two-hundred day moving average is $17.60.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in shares of ProShares Ultra Consumer Staples by 332.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock valued at $147,000 after buying an additional 6,100 shares during the period. Envestnet Asset Management Inc. purchased a new position in ProShares Ultra Consumer Staples in the second quarter worth approximately $388,000. Finally, Susquehanna International Group LLP purchased a new position in ProShares Ultra Consumer Staples in the third quarter worth approximately $478,000.
About ProShares Ultra Consumer Staples
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.
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