ProShares UltraShort Semiconductors (NYSEARCA:SSG – Get Free Report) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 3,713 shares, a drop of 60.5% from the December 15th total of 9,407 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 50,602 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 50,602 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.7% of the company’s stock are sold short.
ProShares UltraShort Semiconductors Stock Performance
Shares of SSG traded down $0.35 during mid-day trading on Friday, hitting $27.72. 49,894 shares of the company traded hands, compared to its average volume of 81,907. The business has a 50 day moving average of $31.32 and a 200 day moving average of $37.70. ProShares UltraShort Semiconductors has a 1-year low of $27.02 and a 1-year high of $198.28.
Institutional Investors Weigh In On ProShares UltraShort Semiconductors
An institutional investor recently raised its position in ProShares UltraShort Semiconductors stock. Csenge Advisory Group boosted its position in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG – Free Report) by 29.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 37,928 shares of the company’s stock after acquiring an additional 8,592 shares during the quarter. Csenge Advisory Group owned about 2.00% of ProShares UltraShort Semiconductors worth $350,000 at the end of the most recent reporting period.
About ProShares UltraShort Semiconductors
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.
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