ProShares Ultra Consumer Staples (NYSEARCA:UGE) Sees Significant Decline in Short Interest

ProShares Ultra Consumer Staples (NYSEARCA:UGE) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 64,397 shares, a drop of 45.5% from the January 29th total of 118,055 shares. Approximately 10.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,879 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 58,879 shares, the short-interest ratio is presently 1.1 days. Approximately 10.7% of the shares of the stock are short sold.

Institutional Trading of ProShares Ultra Consumer Staples

Several large investors have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in ProShares Ultra Consumer Staples in the 3rd quarter worth $478,000. EverSource Wealth Advisors LLC lifted its holdings in ProShares Ultra Consumer Staples by 332.4% in 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 during the period. Finally, Envestnet Asset Management Inc. bought a new stake in ProShares Ultra Consumer Staples during the 2nd quarter valued at approximately $388,000.

ProShares Ultra Consumer Staples Stock Down 2.5%

Shares of ProShares Ultra Consumer Staples stock traded down $0.55 during trading on Monday, reaching $21.62. The company’s stock had a trading volume of 25,106 shares, compared to its average volume of 59,091. ProShares Ultra Consumer Staples has a 52-week low of $15.74 and a 52-week high of $22.26. The firm’s 50-day moving average is $19.16 and its two-hundred day moving average is $17.98. The company has a market cap of $12.97 million, a price-to-earnings ratio of 23.21 and a beta of 1.56.

ProShares Ultra Consumer Staples Company Profile

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.