ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Update

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,103 shares, an increase of 537.6% from the August 15th total of 173 shares. Based on an average daily volume of 1,042 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the shares of the company are short sold.

ProShares UltraShort Consumer Staples Stock Down 0.2%

Shares of SZK opened at $22.13 on Friday. ProShares UltraShort Consumer Staples has a 12 month low of $18.40 and a 12 month high of $27.72. The firm’s 50 day moving average is $21.08 and its 200-day moving average is $21.64.

Institutional Trading of ProShares UltraShort Consumer Staples

An institutional investor recently bought a new position in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP purchased a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 as of its most recent SEC filing.

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.