ProShares UltraShort Semiconductors (NYSEARCA:SSG) Stock Short Interest Declines 50.3%

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 50,435 shares, a drop of 50.3% from the August 31st total of 101,385 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 352,050 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of ProShares UltraShort Semiconductors

A hedge fund recently bought a new stake in ProShares UltraShort Semiconductors stock. Quantinno Capital Management LP acquired a new stake in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 17,000 shares of the company’s stock, valued at approximately $510,000. Quantinno Capital Management LP owned approximately 0.96% of ProShares UltraShort Semiconductors as of its most recent SEC filing.

ProShares UltraShort Semiconductors Stock Down 2.7%

SSG stock traded down $0.29 during trading on Tuesday, reaching $10.30. The stock had a trading volume of 83,549 shares, compared to its average volume of 518,279. The stock’s 50 day moving average is $12.27 and its two-hundred day moving average is $15.95. ProShares UltraShort Semiconductors has a 52 week low of $10.24 and a 52 week high of $38.20.

ProShares UltraShort Semiconductors Company Profile

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.