ProShares UltraShort Semiconductors (NYSEARCA:SSG) Stock Short Interest Declines 50.3%

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 50,435 shares, a decrease of 50.3% from the August 31st total of 101,385 shares. Based on an average daily volume of 352,050 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.5% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares UltraShort Semiconductors

A hedge fund recently bought a new stake in ProShares UltraShort Semiconductors stock. Quantinno Capital Management LP purchased a new stake in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,000 shares of the company’s stock, valued at approximately $510,000. Quantinno Capital Management LP owned approximately 0.96% of ProShares UltraShort Semiconductors as of its most recent SEC filing.

ProShares UltraShort Semiconductors Price Performance

Shares of NYSEARCA SSG traded down $0.29 during midday trading on Tuesday, hitting $10.30. 83,549 shares of the company traded hands, compared to its average volume of 518,279. ProShares UltraShort Semiconductors has a 12-month low of $10.24 and a 12-month high of $38.20. The stock has a 50-day moving average price of $12.27 and a 200 day moving average price of $15.95.

About ProShares UltraShort Semiconductors

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game. 2nd Swing operates more than 65 stores in 24 states nationwide under the names 2nd Swing and 2GOLF.