ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Sees Large Increase in Short Interest

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 20,946 shares, a growth of 1,094.2% from the January 29th total of 1,754 shares. Approximately 34.9% of the shares of the stock are short sold. Based on an average trading volume of 32,661 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 32,661 shares, the days-to-cover ratio is presently 0.6 days. Approximately 34.9% of the shares of the stock are short sold.

ProShares UltraShort Consumer Staples Trading Down 1.5%

SZK stock traded down $0.14 during midday trading on Friday, reaching $9.72. 4,685 shares of the company’s stock traded hands, compared to its average volume of 16,400. The company has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $12.14. ProShares UltraShort Consumer Staples has a 1-year low of $9.20 and a 1-year high of $13.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP acquired a new position in shares of ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned about 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.