ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Sees Large Growth in Short Interest

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 16,570 shares, an increase of 20.0% from the December 31st total of 13,805 shares. Based on an average daily volume of 6,434 shares, the days-to-cover ratio is currently 2.6 days. Approximately 11.8% of the shares of the company are short sold. Approximately 11.8% of the shares of the company are short sold. Based on an average daily volume of 6,434 shares, the days-to-cover ratio is currently 2.6 days.

ProShares UltraShort Consumer Discretionary Stock Up 1.3%

SCC stock opened at $14.20 on Thursday. The company has a 50-day simple moving average of $14.04 and a 200 day simple moving average of $14.95. ProShares UltraShort Consumer Discretionary has a fifty-two week low of $13.12 and a fifty-two week high of $29.71.

About ProShares UltraShort Consumer Discretionary

ProShares UltraShort Consumer Services (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Consumer Services Index (the Index). The Index measures the performance of consumer spending in the services industry of the United States equity market. Component companies include airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism.