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

ProShares Ultra Consumer Staples (NYSEARCA:UGE) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 13,149 shares, a decrease of 71.4% from the June 30th total of 45,912 shares. Based on an average daily trading volume, of 39,504 shares, the short-interest ratio is currently 0.3 days. Approximately 2.5% of the shares of the stock are short sold.

ProShares Ultra Consumer Staples Stock Performance

NYSEARCA:UGE traded up $0.40 during trading hours on Friday, reaching $18.97. The stock had a trading volume of 1,454 shares, compared to its average volume of 63,790. ProShares Ultra Consumer Staples has a 52 week low of $15.74 and a 52 week high of $22.26. The company has a 50 day moving average price of $19.12 and a two-hundred day moving average price of $19.23. The stock has a market capitalization of $10.05 million, a PE ratio of 23.21 and a beta of 1.33.

Institutional Investors Weigh In On ProShares Ultra Consumer Staples

Large investors have recently bought and sold shares of the business. IMC Chicago LLC purchased a new stake in ProShares Ultra Consumer Staples during the first quarter valued at $601,000. Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra Consumer Staples in the 3rd quarter worth $478,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of ProShares Ultra Consumer Staples by 332.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock worth $147,000 after buying an additional 6,100 shares during the last quarter.

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.