ProShares Ultra Consumer Discretionary (NYSEARCA:UCC – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,245 shares, an increase of 54.5% from the September 15th total of 1,453 shares. Based on an average trading volume of 2,103 shares, the short-interest ratio is currently 1.1 days. Currently, 1.2% of the shares of the stock are short sold.
Hedge Funds Weigh In On ProShares Ultra Consumer Discretionary
A hedge fund recently bought a new stake in ProShares Ultra Consumer Discretionary stock. IMC Chicago LLC purchased a new stake in ProShares Ultra Consumer Discretionary (NYSEARCA:UCC – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,672 shares of the company’s stock, valued at approximately $1,472,000. IMC Chicago LLC owned about 12.38% of ProShares Ultra Consumer Discretionary as of its most recent filing with the Securities and Exchange Commission.
ProShares Ultra Consumer Discretionary Trading Down 1.9%
NYSEARCA UCC traded down $0.82 during trading on Friday, hitting $42.83. 1,968 shares of the company’s stock were exchanged, compared to its average volume of 3,492. The company has a market cap of $8.14 million, a PE ratio of 29.58 and a beta of 2.27. ProShares Ultra Consumer Discretionary has a fifty-two week low of $39.96 and a fifty-two week high of $56.96. The stock’s 50 day moving average price is $44.43 and its two-hundred day moving average price is $46.34.
About ProShares Ultra Consumer Discretionary
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.
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