Short Interest in ProShares UltraShort Semiconductors (NYSEARCA:SSG) Decreases By 42.7%

ProShares UltraShort Semiconductors (NYSEARCA:SSG) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 19,898 shares, a decrease of 42.7% from the May 14th total of 34,742 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 735,234 shares, the short-interest ratio is currently 0.0 days.

ProShares UltraShort Semiconductors Stock Up 8.6%

Shares of ProShares UltraShort Semiconductors stock traded up $1.01 on Tuesday, hitting $12.70. 666,691 shares of the company’s stock traded hands, compared to its average volume of 401,367. ProShares UltraShort Semiconductors has a one year low of $11.44 and a one year high of $64.12. The company has a fifty day moving average of $16.49 and a two-hundred day moving average of $24.72.

Institutional Investors Weigh In On ProShares UltraShort Semiconductors

An institutional investor recently raised its position in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP raised its holdings in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 94.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,064 shares of the company’s stock after purchasing 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.

ProShares UltraShort Semiconductors Company Profile

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.