ProShares UltraShort Semiconductors (NYSEARCA:SSG) Sees Significant Increase in Short Interest

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 30,602 shares, a growth of 113.3% from the April 15th total of 14,349 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 357,903 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraShort Semiconductors Trading Up 8.7%

NYSEARCA:SSG traded up $1.14 during mid-day trading on Friday, reaching $14.17. 942,522 shares of the stock were exchanged, compared to its average volume of 250,821. The company has a 50 day simple moving average of $23.40 and a 200-day simple moving average of $27.55. ProShares UltraShort Semiconductors has a 1 year low of $12.91 and a 1 year high of $78.44.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Quantinno Capital Management LP purchased a new position in ProShares UltraShort Semiconductors during the 1st quarter worth approximately $510,000. Susquehanna International Group LLP grew its position in ProShares UltraShort Semiconductors by 94.9% during the 3rd quarter. Susquehanna International Group LLP now owns 21,064 shares of the company’s stock worth $195,000 after purchasing an additional 10,257 shares during the last quarter. Finally, Csenge Advisory Group grew its position in ProShares UltraShort Semiconductors by 29.3% during the 3rd quarter. Csenge Advisory Group now owns 37,928 shares of the company’s stock worth $350,000 after purchasing an additional 8,592 shares during the last quarter.

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.