ProShares Ultra Consumer Staples (NYSEARCA:UGE) Sees Large Decrease in Short Interest

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,257 shares, a decrease of 41.3% from the August 31st total of 3,845 shares. Based on an average daily trading volume, of 57,222 shares, the short-interest ratio is presently 0.0 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of ProShares Ultra Consumer Staples

A hedge fund recently bought a new stake in ProShares Ultra Consumer Staples stock. IMC Chicago LLC acquired a new stake in ProShares Ultra Consumer Staples (NYSEARCA:UGE) in the first quarter, according to its most recent filing with the SEC. The fund acquired 32,634 shares of the company’s stock, valued at approximately $601,000. IMC Chicago LLC owned approximately 4.94% of ProShares Ultra Consumer Staples at the end of the most recent quarter.

ProShares Ultra Consumer Staples Trading Down 0.1%

Shares of UGE stock traded down $0.01 on Friday, hitting $17.16. 631 shares of the stock were exchanged, compared to its average volume of 55,798. The firm’s 50 day moving average is $19.04 and its two-hundred day moving average is $18.95. ProShares Ultra Consumer Staples has a one year low of $15.74 and a one year high of $22.26. The firm has a market capitalization of $8.24 million, a PE ratio of 23.21 and a beta of 1.32.

ProShares Ultra Consumer Staples Company Profile

ProShares Ultra Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) 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, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.