ProShares Ultra Consumer Staples (NYSEARCA:UGE) Short Interest Update

ProShares Ultra Consumer Staples (NYSEARCA:UGE) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 12,684 shares, a growth of 641.3% from the December 15th total of 1,711 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average trading volume of 22,740 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 22,740 shares, the short-interest ratio is currently 0.6 days. Approximately 2.5% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares Ultra Consumer Staples

Several institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in shares of ProShares Ultra Consumer Staples by 332.4% during the second quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock worth $147,000 after buying an additional 6,100 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in ProShares Ultra Consumer Staples during the 2nd quarter valued at $388,000. Finally, Susquehanna International Group LLP acquired a new position in ProShares Ultra Consumer Staples during the 3rd quarter worth $478,000.

ProShares Ultra Consumer Staples Stock Performance

Shares of NYSEARCA:UGE traded up $0.40 during trading on Wednesday, hitting $18.58. The company’s stock had a trading volume of 16,736 shares, compared to its average volume of 41,378. The company has a market capitalization of $9.66 million, a PE ratio of 23.21 and a beta of 1.56. ProShares Ultra Consumer Staples has a fifty-two week low of $15.74 and a fifty-two week high of $20.49. The stock’s 50-day moving average price is $16.86 and its two-hundred day moving average price is $17.59.

About ProShares Ultra Consumer Staples

ProShares Ultra Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) 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, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.