Short Interest in ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Declines By 65.1%

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 573 shares, a decrease of 65.1% from the May 31st total of 1,640 shares. Based on an average trading volume of 4,675 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. bought a new stake in shares of ProShares Ultra Consumer Discretionary in the second quarter worth about $631,000. Citadel Advisors LLC purchased a new position in ProShares Ultra Consumer Discretionary during the 3rd quarter valued at approximately $209,000. Northwestern Mutual Wealth Management Co. bought a new stake in ProShares Ultra Consumer Discretionary in the 3rd quarter worth approximately $87,000. WealthCare Asset Management LLC bought a new stake in ProShares Ultra Consumer Discretionary in the 4th quarter worth approximately $2,545,000. Finally, IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Consumer Discretionary during the 1st quarter worth approximately $1,472,000.

ProShares Ultra Consumer Discretionary Trading Up 0.5%

UCC traded up $0.24 during trading on Tuesday, hitting $48.16. 998 shares of the company traded hands, compared to its average volume of 4,019. The company has a market cap of $13.48 million, a PE ratio of 29.58 and a beta of 2.22. The stock’s 50-day simple moving average is $48.80 and its two-hundred day simple moving average is $49.43. ProShares Ultra Consumer Discretionary has a 1 year low of $39.96 and a 1 year high of $56.96.

About ProShares Ultra Consumer Discretionary

ProShares Ultra Consumer Services (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Consumer Goods Index. The Dow Jones United States Consumer Goods Index measures the performance of consumer spending in the goods industry of the United States equity market. Component companies include automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories and footwear.