Short Interest in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Drops By 57.4%

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 626 shares, a drop of 57.4% from the June 30th total of 1,471 shares. Based on an average daily trading volume, of 791 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

ProShares UltraShort Consumer Staples Trading Down 3.9%

Shares of ProShares UltraShort Consumer Staples stock traded down $0.82 during trading on Tuesday, reaching $20.04. The company’s stock had a trading volume of 3,502 shares, compared to its average volume of 4,656. The business’s fifty day moving average price is $21.67 and its 200-day moving average price is $21.83. ProShares UltraShort Consumer Staples has a one year low of $18.40 and a one year high of $27.72.

Hedge Funds Weigh In On ProShares UltraShort Consumer Staples

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP purchased a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned 21.02% of ProShares UltraShort Consumer Staples at the end of the most recent reporting period.

About ProShares UltraShort Consumer Staples

ProShares UltraShort Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.