ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Short Interest Update

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 40,589 shares, a growth of 182.5% from the January 29th total of 14,369 shares. Based on an average daily volume of 25,329 shares, the short-interest ratio is presently 1.6 days. Approximately 29.0% of the company’s stock are short sold. Approximately 29.0% of the company’s stock are short sold. Based on an average daily volume of 25,329 shares, the short-interest ratio is presently 1.6 days.

ProShares UltraShort Consumer Discretionary Price Performance

Shares of NYSEARCA SCC traded up $0.07 during midday trading on Friday, reaching $15.06. The company’s stock had a trading volume of 5,564 shares, compared to its average volume of 15,235. ProShares UltraShort Consumer Discretionary has a 12-month low of $13.12 and a 12-month high of $29.71. The firm has a 50 day moving average price of $14.24 and a 200-day moving average price of $14.74.

About ProShares UltraShort Consumer Discretionary

ProShares UltraShort Consumer Services (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Consumer Services Index (the Index). The Index measures the performance of consumer spending in the services industry of the United States equity market. Component companies include airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism.