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

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 19,364 shares, a decrease of 74.4% from the April 15th total of 75,638 shares. Based on an average trading volume of 80,788 shares, the days-to-cover ratio is presently 0.2 days. Approximately 2.9% of the shares of the stock are sold short.

ProShares Ultra Consumer Staples Price Performance

Shares of NYSEARCA:UGE traded up $0.09 during midday trading on Wednesday, hitting $19.43. The company had a trading volume of 7,641 shares, compared to its average volume of 66,591. ProShares Ultra Consumer Staples has a twelve month low of $15.74 and a twelve month high of $22.26. The stock has a market cap of $12.82 million, a price-to-earnings ratio of 23.21 and a beta of 1.36. The business’s 50-day simple moving average is $18.91 and its 200-day simple moving average is $18.37.

Institutional Investors Weigh In On ProShares Ultra Consumer Staples

Several hedge funds and other institutional investors have recently made changes to their positions in UGE. IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Consumer Staples in the first quarter valued at approximately $601,000. Susquehanna International Group LLP acquired a new stake in shares of ProShares Ultra Consumer Staples in the third quarter valued at approximately $478,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of 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 valued at $147,000 after purchasing an additional 6,100 shares during the last quarter.

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.