ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Short Interest Down 38.3% in July

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 579 shares, a decline of 38.3% from the June 30th total of 938 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 1,921 shares, the short-interest ratio is currently 0.3 days.

ProShares Ultra Consumer Discretionary Stock Performance

Shares of ProShares Ultra Consumer Discretionary stock traded up $0.55 on Thursday, hitting $43.56. The company had a trading volume of 4,791 shares, compared to its average volume of 4,035. The stock has a market capitalization of $9.58 million, a price-to-earnings ratio of 29.58 and a beta of 2.23. ProShares Ultra Consumer Discretionary has a 1 year low of $39.96 and a 1 year high of $56.96. The stock has a 50 day moving average of $47.26 and a 200-day moving average of $48.25.

Institutional Investors Weigh In On ProShares Ultra Consumer Discretionary

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

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.