ProShares Ultra Consumer Discretionary (NYSEARCA:UCC – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 2,035 shares, an increase of 670.8% from the August 15th total of 264 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 1,544 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ProShares Ultra Consumer Discretionary in the 3rd quarter valued at approximately $87,000. Citadel Advisors LLC acquired a new position in ProShares Ultra Consumer Discretionary in the third quarter worth $209,000. Osaic Holdings Inc. acquired a new position in ProShares Ultra Consumer Discretionary in the second quarter worth $631,000. IMC Chicago LLC bought a new stake in ProShares Ultra Consumer Discretionary during the first quarter valued at $1,472,000. Finally, WealthCare Asset Management LLC acquired a new stake in shares of ProShares Ultra Consumer Discretionary during the fourth quarter worth $2,545,000.
ProShares Ultra Consumer Discretionary Stock Performance
Shares of UCC stock traded up $0.87 during trading hours on Friday, hitting $43.68. 1,601 shares of the company were exchanged, compared to its average volume of 3,751. The stock has a market capitalization of $9.61 million, a price-to-earnings ratio of 29.58 and a beta of 2.23. ProShares Ultra Consumer Discretionary has a one year low of $39.96 and a one year high of $56.96. The business’s 50-day simple moving average is $46.37 and its two-hundred day simple moving average is $47.00.
About ProShares Ultra Consumer Discretionary
ProShares Ultra Consumer Services (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Consumer Goods Index. The Dow Jones United States Consumer Goods Index measures the performance of consumer spending in the goods industry of the United States equity market. Component companies include automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories and footwear.
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