ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,103 shares, an increase of 537.6% from the August 15th total of 173 shares. Based on an average daily volume of 1,042 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the company’s shares are short sold.
ProShares UltraShort Consumer Staples Stock Performance
NYSEARCA:SZK traded down $0.13 on Friday, hitting $22.00. The stock had a trading volume of 353 shares, compared to its average volume of 4,040. The company has a fifty day moving average price of $21.10 and a two-hundred day moving average price of $21.65. ProShares UltraShort Consumer Staples has a 1-year low of $18.40 and a 1-year high of $27.72.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP bought a new position in shares of ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned about 21.02% of ProShares UltraShort Consumer Staples as of its most recent SEC filing.
About ProShares UltraShort Consumer Staples
ProShares UltraShort Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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