Short Interest in ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Declines By 65.3%

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 24,146 shares, a drop of 65.3% from the July 30th total of 69,642 shares. Based on an average daily volume of 9,434 shares, the days-to-cover ratio is currently 2.6 days. Currently, 5.2% of the company’s shares are short sold.

ProShares UltraShort Consumer Discretionary Price Performance

Shares of ProShares UltraShort Consumer Discretionary stock traded down $0.34 during midday trading on Friday, reaching $14.43. 7,839 shares of the company’s stock traded hands, compared to its average volume of 19,089. The stock has a 50 day moving average of $14.76 and a 200-day moving average of $15.09. ProShares UltraShort Consumer Discretionary has a 12 month low of $13.12 and a 12 month high of $18.30.

ProShares UltraShort Consumer Discretionary Company Profile

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.