ProShares Ultra Consumer Staples (NYSEARCA:UGE) Short Interest Down 56.6% in August

Posted by James Quigley on Aug 29th, 2026

ProShares Ultra Consumer Staples (NYSEARCA:UGE – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 6,089 shares, a decline of 56.6% from the July 30th total of 14,026 shares. Based on an average trading volume of 24,670 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares Ultra Consumer Staples

Several institutional investors have recently bought and sold shares of UGE. EverSource Wealth Advisors LLC grew its position in ProShares Ultra Consumer Staples by 332.4% in the second quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock worth $147,000 after acquiring an additional 6,100 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra Consumer Staples in the 3rd quarter valued at approximately $478,000. Finally, IMC Chicago LLC bought a new stake in shares of ProShares Ultra Consumer Staples in the 1st quarter valued at approximately $601,000.

ProShares Ultra Consumer Staples Stock Performance

Shares of UGE traded up $0.19 during mid-day trading on Friday, hitting $19.45. 42,174 shares of the stock were exchanged, compared to its average volume of 59,516. The company has a market cap of $12.06 million, a PE ratio of 23.21 and a beta of 1.32. ProShares Ultra Consumer Staples has a 52-week low of $15.74 and a 52-week high of $22.26. The firm has a 50-day moving average of $19.35 and a two-hundred day moving average of $19.39.

ProShares Ultra Consumer Staples Company Profile

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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.