ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Shares Shorted: Short Interest Up 1,812.5% in October

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,060 shares, a growth of 1,812.5% from the September 30th total of 160 shares. Based on an average trading volume of 6,090 shares, the days-to-cover ratio is currently 0.5 days. Currently, 7.6% of the shares of the company are sold short.

ProShares UltraShort Consumer Staples Stock Performance

SZK stock traded up $0.14 during midday trading on Monday, reaching $18.75. The company had a trading volume of 139 shares, compared to its average volume of 4,974. ProShares UltraShort Consumer Staples has a fifty-two week low of $17.97 and a fifty-two week high of $27.72. The stock has a 50 day moving average price of $21.01 and a 200 day moving average price of $21.61.

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.