ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Sees Significant Decrease in Short Interest

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 579 shares, a decline of 38.3% from the June 30th total of 938 shares. Based on an average daily trading volume, of 1,921 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Ultra Consumer Discretionary

Large investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new stake in ProShares Ultra Consumer Discretionary during the 1st quarter valued at approximately $1,472,000. WealthCare Asset Management LLC bought a new position in ProShares Ultra Consumer Discretionary in the 4th quarter worth approximately $2,545,000. Northwestern Mutual Wealth Management Co. bought a new position in ProShares Ultra Consumer Discretionary in the 3rd quarter worth approximately $87,000. Citadel Advisors LLC acquired a new position in shares of ProShares Ultra Consumer Discretionary during the third quarter worth approximately $209,000. Finally, Osaic Holdings Inc. acquired a new position in shares of ProShares Ultra Consumer Discretionary during the second quarter worth approximately $631,000.

ProShares Ultra Consumer Discretionary Stock Performance

Shares of NYSEARCA UCC traded up $2.97 during mid-day trading on Friday, reaching $46.62. 931 shares of the company traded hands, compared to its average volume of 4,026. The stock has a market cap of $10.26 million, a PE ratio of 29.58 and a beta of 2.23. The company’s fifty day moving average is $47.07 and its two-hundred day moving average is $48.14. ProShares Ultra Consumer Discretionary has a fifty-two week low of $39.96 and a fifty-two week high of $56.96.

About ProShares Ultra Consumer Discretionary

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.