ProShares Ultra Consumer Staples (NYSEARCA:UGE) Sees Significant Increase in Short Interest

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 12,684 shares, a growth of 641.3% from the December 15th total of 1,711 shares. Based on an average daily volume of 22,740 shares, the short-interest ratio is presently 0.6 days. Approximately 2.5% of the company’s stock are short sold. Approximately 2.5% of the company’s stock are short sold. Based on an average daily volume of 22,740 shares, the short-interest ratio is presently 0.6 days.

ProShares Ultra Consumer Staples Stock Performance

Shares of ProShares Ultra Consumer Staples stock traded up $0.42 during mid-day trading on Monday, hitting $17.77. 28,352 shares of the stock were exchanged, compared to its average volume of 48,093. ProShares Ultra Consumer Staples has a 12 month low of $15.74 and a 12 month high of $20.49. The company has a 50-day simple moving average of $16.82 and a 200 day simple moving average of $17.59. The company has a market capitalization of $9.06 million, a P/E ratio of 23.21 and a beta of 1.56.

Institutional Trading of ProShares Ultra Consumer Staples

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in ProShares Ultra Consumer Staples by 332.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock valued at $147,000 after purchasing an additional 6,100 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of ProShares Ultra Consumer Staples during the 2nd quarter worth $388,000. Finally, Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra Consumer Staples in the 3rd quarter worth about $478,000.

About ProShares Ultra Consumer Staples

ProShares Ultra Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) 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, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.