ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Down 69.6% in December

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 712 shares, a decrease of 69.6% from the December 15th total of 2,339 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 3,054 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 3,054 shares, the short-interest ratio is presently 0.2 days. Currently, 1.2% of the shares of the stock are short sold.

Hedge Funds 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 purchased a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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 SEC filing.

ProShares UltraShort Consumer Staples Stock Performance

ProShares UltraShort Consumer Staples stock traded down $0.24 during trading on Tuesday, reaching $11.78. 4,229 shares of the company were exchanged, compared to its average volume of 5,966. The stock’s 50 day simple moving average is $12.86 and its two-hundred day simple moving average is $12.43. ProShares UltraShort Consumer Staples has a 52-week low of $11.22 and a 52-week high of $13.91.

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.