ProShares Ultra Consumer Staples (NYSEARCA:UGE – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 37,757 shares, a growth of 2,493.2% from the October 15th total of 1,456 shares. Based on an average daily volume of 58,914 shares, the short-interest ratio is currently 0.6 days. Currently, 7.0% of the shares of the stock are short sold.
ProShares Ultra Consumer Staples Trading Down 0.1%
Shares of NYSEARCA:UGE traded down $0.03 during mid-day trading on Tuesday, reaching $21.86. The stock had a trading volume of 197,069 shares, compared to its average volume of 57,625. The business’s 50 day moving average price is $19.34 and its 200 day moving average price is $19.39. ProShares Ultra Consumer Staples has a 1 year low of $16.14 and a 1 year high of $22.99. The company has a market cap of $11.80 million, a P/E ratio of 23.21 and a beta of 1.21.
Institutional Trading of ProShares Ultra Consumer Staples
A hedge fund recently bought a new stake in ProShares Ultra Consumer Staples stock. IMC Chicago LLC bought a new stake in shares of ProShares Ultra Consumer Staples (NYSEARCA:UGE – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,634 shares of the company’s stock, valued at approximately $601,000. IMC Chicago LLC owned approximately 4.94% of ProShares Ultra Consumer Staples 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.
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