ProShares Ultra Consumer Staples (NYSEARCA:UGE) Short Interest Update

ProShares Ultra Consumer Staples (NYSEARCA:UGE) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,257 shares, a drop of 41.3% from the August 31st total of 3,845 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 57,222 shares, the days-to-cover ratio is presently 0.0 days.

ProShares Ultra Consumer Staples Stock Performance

Shares of ProShares Ultra Consumer Staples stock traded down $0.19 during trading hours on Wednesday, hitting $17.67. The company’s stock had a trading volume of 3,608 shares, compared to its average volume of 56,301. ProShares Ultra Consumer Staples has a twelve month low of $15.74 and a twelve month high of $22.26. The firm has a fifty day moving average of $19.10 and a 200-day moving average of $18.98. The stock has a market cap of $8.48 million, a price-to-earnings ratio of 23.21 and a beta of 1.32.

Institutional Trading of ProShares Ultra Consumer Staples

A hedge fund recently raised its stake in ProShares Ultra Consumer Staples stock. Envestnet Asset Management Inc. raised its stake in ProShares Ultra Consumer Staples (NYSEARCA:UGE) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,102 shares of the company’s stock after buying an additional 1,790 shares during the quarter. Envestnet Asset Management Inc. owned about 4.60% of ProShares Ultra Consumer Staples worth $411,000 at the end of the most recent quarter.

About ProShares Ultra Consumer Staples

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.