Short Interest in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Rises By 1,094.2%

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 20,946 shares, an increase of 1,094.2% from the January 29th total of 1,754 shares. Approximately 34.9% of the company’s stock are sold short. Based on an average trading volume of 32,661 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 32,661 shares, the days-to-cover ratio is currently 0.6 days. Approximately 34.9% of the company’s stock are sold short.

ProShares UltraShort Consumer Staples Stock Up 2.0%

ProShares UltraShort Consumer Staples stock traded up $0.19 during trading hours on Wednesday, reaching $9.81. 8,131 shares of the company were exchanged, compared to its average volume of 16,441. ProShares UltraShort Consumer Staples has a 12 month low of $9.20 and a 12 month high of $13.91. The stock has a 50-day moving average of $11.38 and a 200 day moving average of $12.16.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP acquired a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned approximately 21.02% of ProShares UltraShort Consumer Staples at the end of the most recent quarter.

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.