ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Down 47.2% in May

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 1,073 shares, a decline of 47.2% from the May 14th total of 2,032 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,331 shares, the short-interest ratio is presently 0.8 days.

ProShares UltraShort Consumer Staples Trading Up 0.4%

Shares of NYSEARCA:SZK opened at $21.20 on Tuesday. ProShares UltraShort Consumer Staples has a 12-month low of $18.40 and a 12-month high of $27.72. The business’s fifty day simple moving average is $22.17 and its 200-day simple moving average is $22.68.

Institutional Trading of ProShares UltraShort Consumer Staples

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP acquired a new position in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned about 21.02% of ProShares UltraShort Consumer Staples as of its most recent SEC filing.

About ProShares UltraShort Consumer Staples

ProShares UltraShort Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.