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

ProShares Ultra Consumer Staples (NYSEARCA:UGE) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,875 shares, a decline of 74.9% from the May 14th total of 19,448 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 52,447 shares, the short-interest ratio is presently 0.1 days.

ProShares Ultra Consumer Staples Price Performance

Shares of ProShares Ultra Consumer Staples stock traded down $0.12 on Thursday, hitting $19.60. 70,033 shares of the company’s stock traded hands, compared to its average volume of 66,366. The firm’s 50-day moving average price is $18.87 and its two-hundred day moving average price is $18.78. The stock has a market capitalization of $12.94 million, a PE ratio of 23.21 and a beta of 1.33. ProShares Ultra Consumer Staples has a one year low of $15.74 and a one year high of $22.26.

Institutional Trading of ProShares Ultra Consumer Staples

A number of institutional investors and hedge funds have recently modified their holdings of the stock. IMC Chicago LLC bought a new stake in shares of ProShares Ultra Consumer Staples in the 1st quarter valued at about $601,000. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra Consumer Staples in the 3rd quarter valued at about $478,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of 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 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.