ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Short Interest Down 60.7% in August

ProShares Ultra Consumer Discretionary (NYSEARCA:UCCGet Free Report) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 264 shares, a drop of 60.7% from the July 30th total of 671 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 4,508 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ProShares Ultra Consumer Discretionary

Several institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new stake in ProShares Ultra Consumer Discretionary in the third quarter valued at about $87,000. Citadel Advisors LLC acquired a new position in shares of ProShares Ultra Consumer Discretionary during the 3rd quarter worth about $209,000. Osaic Holdings Inc. acquired a new position in shares of ProShares Ultra Consumer Discretionary during the 2nd quarter worth about $631,000. IMC Chicago LLC bought a new stake in shares of ProShares Ultra Consumer Discretionary in the 1st quarter valued at about $1,472,000. Finally, WealthCare Asset Management LLC bought a new stake in shares of ProShares Ultra Consumer Discretionary in the 4th quarter valued at about $2,545,000.

ProShares Ultra Consumer Discretionary Stock Performance

Shares of NYSEARCA:UCC traded up $1.01 during midday trading on Friday, reaching $47.15. 4,242 shares of the company’s stock were exchanged, compared to its average volume of 3,909. The company’s 50 day simple moving average is $46.79 and its two-hundred day simple moving average is $47.32. ProShares Ultra Consumer Discretionary has a 12 month low of $39.96 and a 12 month high of $56.96. The firm has a market capitalization of $10.37 million, a PE ratio of 29.58 and a beta of 2.23.

ProShares Ultra Consumer Discretionary Company Profile

(Get Free Report)

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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