ProShares UltraShort Semiconductors (NYSEARCA:SSG) Stock Short Interest Rises 247.6%

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 128,092 shares, a growth of 247.6% from the October 15th total of 36,851 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,020,493 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On ProShares UltraShort Semiconductors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greenfield Seitz Capital Management LLC bought a new stake in ProShares UltraShort Semiconductors during the third quarter worth $138,000. StoneX Group Inc. bought a new stake in shares of ProShares UltraShort Semiconductors during the 3rd quarter valued at approximately $237,000. Finally, Quantinno Capital Management LP acquired a new position in ProShares UltraShort Semiconductors during the 1st quarter worth approximately $510,000.

ProShares UltraShort Semiconductors Trading Up 1.9%

Shares of NYSEARCA:SSG traded up $0.28 during trading on Thursday, reaching $14.95. 680,736 shares of the stock were exchanged, compared to its average volume of 607,555. The stock has a 50-day moving average price of $12.19 and a 200-day moving average price of $17.21. ProShares UltraShort Semiconductors has a 12 month low of $9.45 and a 12 month high of $38.11.

ProShares UltraShort Semiconductors’s stock is set to reverse split on Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 18th.

About ProShares UltraShort Semiconductors

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game. 2nd Swing operates more than 65 stores in 24 states nationwide under the names 2nd Swing and 2GOLF.