ProShares Ultra Consumer Staples (NYSEARCA:UGE) Short Interest Update

ProShares Ultra Consumer Staples (NYSEARCA:UGE) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,875 shares, a decline of 74.9% from the May 14th total of 19,448 shares. Based on an average trading volume of 52,447 shares, the short-interest ratio is presently 0.1 days. Approximately 0.7% of the shares of the stock are short sold.

ProShares Ultra Consumer Staples Price Performance

Shares of NYSEARCA:UGE traded down $0.12 during trading on Thursday, reaching $19.60. The stock had a trading volume of 70,033 shares, compared to its average volume of 66,366. ProShares Ultra Consumer Staples has a 52 week low of $15.74 and a 52 week high of $22.26. The business’s 50-day moving average price is $18.87 and its 200 day moving average price is $18.78. The stock has a market capitalization of $12.94 million, a PE ratio of 23.21 and a beta of 1.33.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. IMC Chicago LLC bought a new position in shares of ProShares Ultra Consumer Staples in the first quarter valued at about $601,000. Susquehanna International Group LLP bought a new position in shares of ProShares Ultra Consumer Staples in the third quarter valued at about $478,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of ProShares Ultra Consumer Staples by 332.4% in the second quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock valued at $147,000 after buying an additional 6,100 shares during the last quarter.

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.