ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Sees Large Growth in Short Interest

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,035 shares, a growth of 670.8% from the August 15th total of 264 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,544 shares, the short-interest ratio is presently 1.3 days.

ProShares Ultra Consumer Discretionary Stock Performance

Shares of UCC opened at $42.81 on Friday. ProShares Ultra Consumer Discretionary has a 52 week low of $39.96 and a 52 week high of $56.96. The firm has a market cap of $9.42 million, a P/E ratio of 29.58 and a beta of 2.23. The firm’s 50-day simple moving average is $46.45 and its 200 day simple moving average is $47.02.

Institutional Investors Weigh In On ProShares Ultra Consumer Discretionary

A number of institutional investors have recently made changes to their positions in UCC. Osaic Holdings Inc. bought a new position in shares of ProShares Ultra Consumer Discretionary during the second quarter worth approximately $631,000. Citadel Advisors LLC bought a new stake in ProShares Ultra Consumer Discretionary in the 3rd quarter valued at $209,000. Northwestern Mutual Wealth Management Co. acquired a new position in ProShares Ultra Consumer Discretionary in the 3rd quarter valued at $87,000. WealthCare Asset Management LLC acquired a new position in ProShares Ultra Consumer Discretionary in the 4th quarter valued at $2,545,000. Finally, IMC Chicago LLC acquired a new position in ProShares Ultra Consumer Discretionary in the 1st quarter valued at $1,472,000.

ProShares Ultra Consumer Discretionary Company Profile

ProShares Ultra Consumer Services (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Consumer Goods Index. The Dow Jones United States Consumer Goods Index measures the performance of consumer spending in the goods industry of the United States equity market. Component companies include automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories and footwear.