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

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 7,153 shares, a decrease of 47.8% from the January 29th total of 13,712 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 236,297 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 236,297 shares, the short-interest ratio is currently 0.0 days. Approximately 1.0% of the shares of the company are sold short.

ProShares UltraShort Semiconductors Price Performance

NYSEARCA:SSG traded up $1.36 during mid-day trading on Friday, reaching $28.70. The stock had a trading volume of 197,024 shares, compared to its average volume of 159,760. ProShares UltraShort Semiconductors has a twelve month low of $24.77 and a twelve month high of $198.28. The business has a 50 day simple moving average of $28.33 and a 200 day simple moving average of $33.42.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares UltraShort Semiconductors stock. Csenge Advisory Group raised its holdings in ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 29.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,928 shares of the company’s stock after acquiring an additional 8,592 shares during the quarter. Csenge Advisory Group owned 2.00% of ProShares UltraShort Semiconductors worth $350,000 as of its most recent filing with the SEC.

About ProShares UltraShort Semiconductors

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. 2nd Swing operates more than 65 stores in 24 states nationwide under the names 2nd Swing and 2GOLF.