ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Up 163.6% in March

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 4,814 shares, an increase of 163.6% from the March 15th total of 1,826 shares. Based on an average trading volume of 14,109 shares, the short-interest ratio is currently 0.3 days. Approximately 1.1% of the shares of the stock are sold short.

ProShares UltraShort Consumer Staples Trading Up 1.8%

SZK stock opened at $11.57 on Tuesday. The firm has a 50 day moving average of $10.69 and a 200-day moving average of $11.92. ProShares UltraShort Consumer Staples has a 12-month low of $9.20 and a 12-month high of $13.86.

ProShares UltraShort Consumer Staples Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were given a dividend of $0.0259 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, March 25th.

Institutional Investors Weigh In On ProShares UltraShort Consumer Staples

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

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.