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

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 45,912 shares, a growth of 80.1% from the June 15th total of 25,487 shares. Approximately 7.5% of the company’s stock are sold short. Based on an average daily volume of 88,951 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of ProShares Ultra Consumer Staples

Several hedge funds have recently made changes to their positions in the company. IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Consumer Staples in the first quarter valued at about $601,000. Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra Consumer Staples during the third quarter worth about $478,000. Finally, EverSource Wealth Advisors LLC raised its holdings in ProShares Ultra Consumer Staples by 332.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock valued at $147,000 after acquiring an additional 6,100 shares during the last quarter.

ProShares Ultra Consumer Staples Price Performance

NYSEARCA UGE opened at $19.56 on Friday. The company has a fifty day moving average of $19.15 and a two-hundred day moving average of $19.15. ProShares Ultra Consumer Staples has a 1 year low of $15.74 and a 1 year high of $22.26. The company has a market capitalization of $10.37 million, a PE ratio of 23.21 and a beta of 1.33.

ProShares Ultra Consumer Staples Company Profile

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.