Short Interest in ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Rises By 182.5%

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 40,589 shares, a growth of 182.5% from the January 29th total of 14,369 shares. Based on an average trading volume of 25,329 shares, the short-interest ratio is currently 1.6 days. Approximately 29.0% of the shares of the stock are short sold. Approximately 29.0% of the shares of the stock are short sold. Based on an average trading volume of 25,329 shares, the short-interest ratio is currently 1.6 days.

ProShares UltraShort Consumer Discretionary Stock Performance

SCC stock traded up $0.01 during mid-day trading on Thursday, reaching $14.98. 12,366 shares of the company’s stock were exchanged, compared to its average volume of 15,486. ProShares UltraShort Consumer Discretionary has a 12-month low of $13.12 and a 12-month high of $29.71. The stock’s 50 day moving average is $14.19 and its 200 day moving average is $14.75.

ProShares UltraShort Consumer Discretionary Company Profile

ProShares UltraShort Consumer Services (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Consumer Services Index (the Index). The Index measures the performance of consumer spending in the services industry of the United States equity market. Component companies include airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism.