Short Interest in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Decreases By 66.3%

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 211 shares, a drop of 66.3% from the July 15th total of 626 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,941 shares, the short-interest ratio is presently 0.0 days.

ProShares UltraShort Consumer Staples Stock Performance

Shares of SZK stock traded down $0.02 on Friday, reaching $20.58. 660 shares of the company’s stock traded hands, compared to its average volume of 4,416. ProShares UltraShort Consumer Staples has a 12-month low of $18.40 and a 12-month high of $27.72. The business’s 50 day moving average price is $21.33 and its two-hundred day moving average price is $21.61.

Hedge Funds Weigh In On ProShares UltraShort Consumer Staples

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP bought a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 at the end of the most recent reporting period.

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.