ProShares UltraShort Semiconductors (NYSEARCA:SSG) Sees Significant Increase in Short Interest

ProShares UltraShort Semiconductors (NYSEARCA:SSG) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 34,826 shares, an increase of 75.0% from the May 31st total of 19,898 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,370,460 shares, the days-to-cover ratio is currently 0.0 days.

ProShares UltraShort Semiconductors Stock Performance

SSG stock opened at $13.38 on Friday. ProShares UltraShort Semiconductors has a twelve month low of $10.91 and a twelve month high of $52.48. The firm’s fifty day simple moving average is $13.84 and its two-hundred day simple moving average is $23.05.

Hedge Funds Weigh In On ProShares UltraShort Semiconductors

An institutional investor recently raised its stake in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP boosted its position in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 94.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,064 shares of the company’s stock after purchasing an additional 10,257 shares during the period. Susquehanna International Group LLP owned about 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.