ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Down 62.0% in December

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 2,339 shares, a decline of 62.0% from the November 30th total of 6,148 shares. Based on an average daily trading volume, of 4,385 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.9% of the company’s stock are sold short. Approximately 3.9% of the company’s stock are sold short. Based on an average daily trading volume, of 4,385 shares, the days-to-cover ratio is currently 0.5 days.

ProShares UltraShort Consumer Staples Price Performance

Shares of ProShares UltraShort Consumer Staples stock traded up $0.02 during trading on Friday, hitting $12.65. 480 shares of the stock were exchanged, compared to its average volume of 4,529. The firm’s 50-day moving average price is $12.88 and its 200 day moving average price is $12.36. ProShares UltraShort Consumer Staples has a 12-month low of $11.22 and a 12-month high of $13.91.

Institutional Investors Weigh In On ProShares UltraShort Consumer Staples

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP acquired a new position in shares of ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 filing with the Securities & Exchange Commission.

ProShares UltraShort Consumer Staples Company Profile

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.