ProShares Ultra Consumer Discretionary (NYSEARCA:UCC – Get Free Report) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 264 shares, a decline of 60.7% from the July 30th total of 671 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 4,508 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of ProShares Ultra Consumer Discretionary
Large investors have recently bought and sold shares of the stock. WealthCare Asset Management LLC bought a new position in shares of ProShares Ultra Consumer Discretionary during the fourth quarter valued at $2,545,000. IMC Chicago LLC bought a new stake in shares of ProShares Ultra Consumer Discretionary in the 1st quarter worth about $1,472,000. Osaic Holdings Inc. acquired a new stake in shares of ProShares Ultra Consumer Discretionary during the 2nd quarter worth about $631,000. Citadel Advisors LLC acquired a new stake in shares of ProShares Ultra Consumer Discretionary during the 3rd quarter worth about $209,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in ProShares Ultra Consumer Discretionary during the 3rd quarter valued at about $87,000.
ProShares Ultra Consumer Discretionary Stock Performance
Shares of UCC stock traded up $0.85 during trading hours on Friday, hitting $46.99. The company had a trading volume of 3,996 shares, compared to its average volume of 3,908. ProShares Ultra Consumer Discretionary has a 12 month low of $39.96 and a 12 month high of $56.96. The firm’s fifty day moving average is $46.81 and its 200 day moving average is $47.32. The firm has a market capitalization of $10.34 million, a price-to-earnings ratio of 29.58 and a beta of 2.23.
About ProShares Ultra Consumer Discretionary
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.
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