ProShares UltraShort Semiconductors (NYSEARCA:SSG) Sees Large Decrease in Short Interest

ProShares UltraShort Semiconductors (NYSEARCA:SSGGet Free Report) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 11,134 shares, a drop of 47.5% from the February 26th total of 21,208 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 196,888 shares, the days-to-cover ratio is currently 0.1 days.

ProShares UltraShort Semiconductors Stock Performance

NYSEARCA:SSG traded up $1.21 during mid-day trading on Friday, hitting $32.01. 354,682 shares of the stock traded hands, compared to its average volume of 164,282. ProShares UltraShort Semiconductors has a 52 week low of $24.77 and a 52 week high of $198.28. The firm’s 50 day moving average is $28.04 and its two-hundred day moving average is $31.43.

ProShares UltraShort Semiconductors Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.1792 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.2%.

Institutional Investors Weigh In On ProShares UltraShort Semiconductors

An institutional investor recently raised its position in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP lifted its stake in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSGFree Report) by 94.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,064 shares of the company’s stock after acquiring an additional 10,257 shares during the quarter. Susquehanna International Group LLP owned approximately 1.24% of ProShares UltraShort Semiconductors worth $195,000 at the end of the most recent reporting period.

ProShares UltraShort Semiconductors Company Profile

(Get Free Report)

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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