ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Update

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 211 shares, a drop of 66.3% from the July 15th total of 626 shares. Based on an average daily trading volume, of 4,941 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

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

ProShares UltraShort Consumer Staples Price Performance

Shares of NYSEARCA SZK traded down $0.03 during midday trading on Friday, reaching $20.57. The company’s stock had a trading volume of 632 shares, compared to its average volume of 4,415. ProShares UltraShort Consumer Staples has a 12-month low of $18.40 and a 12-month high of $27.72. The firm has a 50 day moving average price of $21.37 and a 200-day moving average price of $21.62.

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.