ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Short Interest Update

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 24,146 shares, a decline of 65.3% from the July 30th total of 69,642 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average daily volume of 9,434 shares, the short-interest ratio is presently 2.6 days.

ProShares UltraShort Consumer Discretionary Stock Down 2.3%

Shares of SCC stock traded down $0.34 on Friday, reaching $14.43. The stock had a trading volume of 7,839 shares, compared to its average volume of 19,089. ProShares UltraShort Consumer Discretionary has a 12 month low of $13.12 and a 12 month high of $18.30. The firm’s 50-day moving average is $14.75 and its two-hundred day moving average is $15.09.

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.