ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Short Interest Update

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 573 shares, a decrease of 65.1% from the May 31st total of 1,640 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,675 shares, the short-interest ratio is presently 0.1 days.

ProShares Ultra Consumer Discretionary Stock Up 5.0%

ProShares Ultra Consumer Discretionary stock traded up $2.26 during trading hours on Monday, hitting $47.92. 1,048 shares of the company traded hands, compared to its average volume of 4,039. ProShares Ultra Consumer Discretionary has a 1-year low of $39.96 and a 1-year high of $56.96. The firm has a market cap of $13.42 million, a P/E ratio of 29.58 and a beta of 2.22. The firm’s 50-day simple moving average is $48.83 and its two-hundred day simple moving average is $49.45.

Institutional Investors Weigh In On ProShares Ultra Consumer Discretionary

A number of institutional investors and hedge funds have recently bought and sold shares of UCC. Osaic Holdings Inc. bought a new position in shares of ProShares Ultra Consumer Discretionary during the 2nd quarter valued at about $631,000. Citadel Advisors LLC acquired a new stake in ProShares Ultra Consumer Discretionary during the third quarter valued at approximately $209,000. Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares Ultra Consumer Discretionary during the third quarter valued at approximately $87,000. WealthCare Asset Management LLC bought a new stake in ProShares Ultra Consumer Discretionary during the fourth quarter worth approximately $2,545,000. Finally, IMC Chicago LLC bought a new stake in ProShares Ultra Consumer Discretionary during the first quarter worth approximately $1,472,000.

About ProShares Ultra Consumer Discretionary

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.