Short Interest in ProShares UltraShort Semiconductors (NYSEARCA:SSG) Increases By 90.2%

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 49,055 shares, a growth of 90.2% from the June 30th total of 25,793 shares. Based on an average daily volume of 1,006,939 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.4% of the company’s shares are sold short.

ProShares UltraShort Semiconductors Price Performance

Shares of SSG opened at $13.85 on Friday. The business’s 50-day moving average price is $12.92 and its 200 day moving average price is $20.57. ProShares UltraShort Semiconductors has a 1-year low of $10.91 and a 1-year high of $47.82.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP increased its position in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 94.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,064 shares of the company’s stock after acquiring an additional 10,257 shares during the quarter. Susquehanna International Group LLP owned 1.24% of ProShares UltraShort Semiconductors worth $195,000 as of its most recent SEC filing.

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.