ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Sees Significant Decline in Short Interest

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,032 shares, a decrease of 39.4% from the April 30th total of 3,354 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,695 shares, the days-to-cover ratio is presently 1.2 days.

ProShares UltraShort Consumer Staples Stock Down 0.6%

Shares of ProShares UltraShort Consumer Staples stock opened at $22.96 on Thursday. ProShares UltraShort Consumer Staples has a 1-year low of $18.40 and a 1-year high of $27.72. The firm’s 50-day moving average price is $22.38 and its two-hundred day moving average price is $22.94.

Institutional Trading of ProShares UltraShort Consumer Staples

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP acquired a new position in shares of ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned about 21.02% of ProShares UltraShort Consumer Staples at the end of the most recent quarter.

About ProShares UltraShort Consumer Staples

ProShares UltraShort Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.