ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Short Interest Update

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,640 shares, an increase of 509.7% from the May 14th total of 269 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 3,412 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Ultra Consumer Discretionary Stock Down 4.3%

UCC stock traded down $2.03 during trading on Wednesday, hitting $45.14. 1,986 shares of the company’s stock traded hands, compared to its average volume of 4,226. ProShares Ultra Consumer Discretionary has a 52 week low of $39.96 and a 52 week high of $56.96. The stock has a fifty day moving average price of $48.05 and a two-hundred day moving average price of $49.76. The stock has a market capitalization of $12.64 million, a price-to-earnings ratio of 29.58 and a beta of 2.22.

Institutional Trading of ProShares Ultra Consumer Discretionary

Institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. bought a new stake in ProShares Ultra Consumer Discretionary during the second quarter valued at $631,000. Citadel Advisors LLC bought a new stake in ProShares Ultra Consumer Discretionary during the third quarter valued at $209,000. Northwestern Mutual Wealth Management Co. bought a new stake in ProShares Ultra Consumer Discretionary during the third quarter valued at $87,000. IMC Chicago LLC bought a new stake in ProShares Ultra Consumer Discretionary during the first quarter valued at $1,472,000. Finally, WealthCare Asset Management LLC bought a new stake in ProShares Ultra Consumer Discretionary during the fourth quarter valued at $2,545,000.

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.