ProShares UltraShort Semiconductors (NYSEARCA:SSG) Sees Large Increase in Short Interest

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 21,208 shares, an increase of 196.5% from the February 12th total of 7,153 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 204,509 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 204,509 shares, the short-interest ratio is currently 0.1 days. Approximately 3.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP raised its stake in ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 94.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,064 shares of the company’s stock after purchasing an additional 10,257 shares during the quarter. Susquehanna International Group LLP owned about 1.24% of ProShares UltraShort Semiconductors worth $195,000 at the end of the most recent quarter.

ProShares UltraShort Semiconductors Stock Performance

Shares of SSG traded up $1.15 on Thursday, hitting $28.16. 109,555 shares of the stock traded hands, compared to its average volume of 168,572. The stock’s 50 day moving average is $27.96 and its two-hundred day moving average is $32.56. ProShares UltraShort Semiconductors has a 1 year low of $24.77 and a 1 year high of $198.28.

About ProShares UltraShort Semiconductors

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game. 2nd Swing operates more than 65 stores in 24 states nationwide under the names 2nd Swing and 2GOLF.