ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 1,277 shares, a decrease of 58.3% from the October 15th total of 3,060 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average daily volume of 3,428 shares, the days-to-cover ratio is presently 0.4 days.
ProShares UltraShort Consumer Staples Stock Down 2.5%
SZK opened at $17.01 on Friday. ProShares UltraShort Consumer Staples has a twelve month low of $16.62 and a twelve month high of $26.98. The company has a fifty day simple moving average of $20.17 and a 200 day simple moving average of $21.19.
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.
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