ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,073 shares, a decline of 47.2% from the May 14th total of 2,032 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 1,331 shares, the short-interest ratio is presently 0.8 days.
Hedge Funds Weigh In On 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 stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned approximately 21.02% of ProShares UltraShort Consumer Staples at the end of the most recent reporting period.
ProShares UltraShort Consumer Staples Stock Performance
Shares of NYSEARCA SZK traded down $0.16 during midday trading on Friday, hitting $21.12. The stock had a trading volume of 2,742 shares, compared to its average volume of 5,331. ProShares UltraShort Consumer Staples has a 1-year low of $18.40 and a 1-year high of $27.72. The company has a fifty day moving average price of $22.20 and a 200 day moving average price of $22.74.
ProShares UltraShort Consumer Staples Company Profile
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.
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