ProShares Ultra SpaceX ETF (NYSEARCA:SPCF – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 327,108 shares, a decline of 79.7% from the August 15th total of 1,612,349 shares. Based on an average daily trading volume, of 2,130,432 shares, the days-to-cover ratio is currently 0.2 days. Currently, 6.8% of the company’s shares are short sold.
ProShares Ultra SpaceX ETF Price Performance
Shares of SPCF stock traded up $0.61 on Friday, reaching $17.12. The company had a trading volume of 1,285,250 shares, compared to its average volume of 3,011,798. The stock’s 50-day simple moving average is $14.65. ProShares Ultra SpaceX ETF has a 12 month low of $8.85 and a 12 month high of $46.71.
About ProShares Ultra SpaceX ETF
SPCF, the ProShares Ultra SpaceX ETF, is a leveraged single-stock fund that seeks daily investment results, before fees and expenses, equal to 2x (200%) the daily performance of the common stock of SpaceX (SPCX). Because the fund pursues a daily objective and resets its exposure each day, it is designed as a short-term, tactical tool rather than a buy-and-hold investment: over any holding period longer than a single day, returns can differ significantly from 2x the underlying stock’s performance, and that gap tends to widen in more volatile markets.
Recommended Stories
- Five stocks we like better than ProShares Ultra SpaceX ETF
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for ProShares Ultra SpaceX ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra SpaceX ETF and related companies with MarketBeat.com's FREE daily email newsletter.
