ProShares Ultra Consumer Staples (NYSEARCA:UGE) Short Interest Down 45.5% in February

ProShares Ultra Consumer Staples (NYSEARCA:UGE) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 64,397 shares, a decline of 45.5% from the January 29th total of 118,055 shares. Based on an average daily trading volume, of 58,879 shares, the days-to-cover ratio is currently 1.1 days. Currently, 10.7% of the company’s shares are sold short. Currently, 10.7% of the company’s shares are sold short. Based on an average daily trading volume, of 58,879 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On ProShares Ultra Consumer Staples

A number of hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra Consumer Staples during the 3rd quarter valued at about $478,000. Envestnet Asset Management Inc. acquired a new position in ProShares Ultra Consumer Staples in the second quarter valued at approximately $388,000. Finally, EverSource Wealth Advisors LLC boosted its stake in ProShares Ultra Consumer Staples by 332.4% in the second quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock valued at $147,000 after acquiring an additional 6,100 shares during the period.

ProShares Ultra Consumer Staples Stock Up 2.6%

Shares of NYSEARCA UGE traded up $0.56 on Friday, hitting $22.17. The company had a trading volume of 35,282 shares, compared to its average volume of 59,956. ProShares Ultra Consumer Staples has a 12-month low of $15.74 and a 12-month high of $22.26. The firm has a market capitalization of $13.30 million, a P/E ratio of 23.21 and a beta of 1.56. The business has a 50 day moving average of $19.16 and a two-hundred day moving average of $17.99.

ProShares Ultra Consumer Staples Company Profile

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.