ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Down 57.3% in April

ProShares UltraShort Consumer Staples (NYSEARCA:SZKGet Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 2,056 shares, a drop of 57.3% from the March 31st total of 4,814 shares. Based on an average trading volume of 3,601 shares, the short-interest ratio is currently 0.6 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares UltraShort Consumer Staples

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

ProShares UltraShort Consumer Staples Price Performance

Shares of SZK traded up $0.07 during mid-day trading on Friday, hitting $11.13. The company had a trading volume of 1,449 shares, compared to its average volume of 13,992. The business’s 50-day simple moving average is $10.93 and its 200-day simple moving average is $11.84. ProShares UltraShort Consumer Staples has a 1-year low of $9.20 and a 1-year high of $13.86.

About ProShares UltraShort Consumer Staples

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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.

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