ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Short Interest Down 60.7% in August

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 264 shares, a decrease of 60.7% from the July 30th total of 671 shares. Based on an average daily trading volume, of 4,508 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares Ultra Consumer Discretionary

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares Ultra Consumer Discretionary in the third quarter valued at approximately $87,000. Citadel Advisors LLC acquired a new position in shares of ProShares Ultra Consumer Discretionary during the third quarter worth $209,000. Osaic Holdings Inc. acquired a new position in shares of ProShares Ultra Consumer Discretionary during the second quarter worth $631,000. IMC Chicago LLC purchased a new position in shares of ProShares Ultra Consumer Discretionary in the first quarter valued at $1,472,000. Finally, WealthCare Asset Management LLC purchased a new position in shares of ProShares Ultra Consumer Discretionary in the fourth quarter valued at $2,545,000.

ProShares Ultra Consumer Discretionary Stock Performance

Shares of UCC stock traded up $1.01 during trading hours on Friday, reaching $47.15. The company had a trading volume of 4,242 shares, compared to its average volume of 3,909. The company has a market capitalization of $10.37 million, a P/E ratio of 29.58 and a beta of 2.23. ProShares Ultra Consumer Discretionary has a twelve month low of $39.96 and a twelve month high of $56.96. The stock’s fifty day simple moving average is $46.79 and its 200 day simple moving average is $47.32.

ProShares Ultra Consumer Discretionary Company Profile

ProShares Ultra Consumer Services (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Consumer Goods Index. The Dow Jones United States Consumer Goods Index measures the performance of consumer spending in the goods industry of the United States equity market. Component companies include automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories and footwear.