ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Sees Significant Increase in Short Interest

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 69,642 shares, an increase of 192.9% from the July 15th total of 23,775 shares. Based on an average trading volume of 20,364 shares, the short-interest ratio is currently 3.4 days. Approximately 15.1% of the company’s stock are sold short.

ProShares UltraShort Consumer Discretionary Price Performance

Shares of NYSEARCA:SCC traded up $0.06 on Friday, hitting $14.20. 3,767 shares of the company traded hands, compared to its average volume of 19,995. The stock has a 50 day simple moving average of $14.85 and a 200-day simple moving average of $15.06. ProShares UltraShort Consumer Discretionary has a 52 week low of $13.12 and a 52 week high of $18.30.

About ProShares UltraShort Consumer Discretionary

ProShares UltraShort Consumer Services (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Consumer Services Index (the Index). The Index measures the performance of consumer spending in the services industry of the United States equity market. Component companies include airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism.