ProShares Ultra Consumer Staples (NYSEARCA:UGE) Short Interest Up 422.8% in June

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 25,487 shares, a growth of 422.8% from the May 31st total of 4,875 shares. Based on an average daily volume of 77,244 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.9% of the company’s stock are short sold.

ProShares Ultra Consumer Staples Price Performance

Shares of ProShares Ultra Consumer Staples stock traded up $0.38 during trading on Friday, hitting $19.50. 78,422 shares of the company’s stock traded hands, compared to its average volume of 67,441. ProShares Ultra Consumer Staples has a 1 year low of $15.74 and a 1 year high of $22.26. The stock has a market capitalization of $12.87 million, a P/E ratio of 23.21 and a beta of 1.33. The business has a 50-day simple moving average of $19.04 and a 200-day simple moving average of $18.93.

Institutional Trading of ProShares Ultra Consumer Staples

A number of institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new stake in ProShares Ultra Consumer Staples in the 3rd quarter worth approximately $478,000. EverSource Wealth Advisors LLC boosted its position 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 worth $147,000 after purchasing an additional 6,100 shares during the period. Finally, IMC Chicago LLC purchased a new stake in ProShares Ultra Consumer Staples in the 1st quarter worth $601,000.

About ProShares Ultra Consumer Staples

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.