ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Short Interest Up 192.9% in July

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 69,642 shares, an increase of 192.9% from the July 15th total of 23,775 shares. Currently, 15.1% of the shares of the company are sold short. Based on an average trading volume of 20,364 shares, the days-to-cover ratio is currently 3.4 days.

ProShares UltraShort Consumer Discretionary Stock Down 0.8%

Shares of NYSEARCA:SCC traded down $0.12 during trading on Thursday, hitting $14.14. 2,859 shares of the company traded hands, compared to its average volume of 20,100. The business’s fifty day moving average is $14.87 and its 200-day moving average is $15.07. ProShares UltraShort Consumer Discretionary has a one year low of $13.12 and a one year high of $18.30.

About ProShares UltraShort Consumer Discretionary

ProShares UltraShort Consumer Services (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Consumer Services Index (the Index). The Index measures the performance of consumer spending in the services industry of the United States equity market. Component companies include airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism.