ProShares Ultra Consumer Staples (NYSEARCA:UGE) Sees Large Decrease in Short Interest

ProShares Ultra Consumer Staples (NYSEARCA:UGEGet Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 3,845 shares, a decrease of 36.9% from the August 15th total of 6,089 shares. Based on an average trading volume of 18,515 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the company’s shares are short sold.

ProShares Ultra Consumer Staples Price Performance

NYSEARCA:UGE opened at $18.58 on Wednesday. ProShares Ultra Consumer Staples has a fifty-two week low of $15.74 and a fifty-two week high of $22.26. The stock has a market capitalization of $1.67 million, a PE ratio of 23.21 and a beta of 1.32. The business’s 50-day simple moving average is $19.30 and its 200-day simple moving average is $19.16.

Institutional Trading of ProShares Ultra Consumer Staples

An institutional investor recently bought a new position in ProShares Ultra Consumer Staples stock. IMC Chicago LLC acquired a new position in shares of ProShares Ultra Consumer Staples (NYSEARCA:UGEFree Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,634 shares of the company’s stock, valued at approximately $601,000. IMC Chicago LLC owned 4.94% of ProShares Ultra Consumer Staples as of its most recent SEC filing.

About ProShares Ultra Consumer Staples

(Get Free Report)

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.

Further Reading

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