ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Sees Large Increase in Short Interest

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 2,035 shares, an increase of 670.8% from the August 15th total of 264 shares. Based on an average daily volume of 1,544 shares, the short-interest ratio is presently 1.3 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On ProShares Ultra Consumer Discretionary

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ProShares Ultra Consumer Discretionary in the 3rd quarter valued at about $87,000. Citadel Advisors LLC bought a new position in ProShares Ultra Consumer Discretionary during the third quarter worth about $209,000. Osaic Holdings Inc. acquired a new position in ProShares Ultra Consumer Discretionary in the second quarter valued at about $631,000. IMC Chicago LLC acquired a new position in ProShares Ultra Consumer Discretionary in the first quarter valued at about $1,472,000. Finally, WealthCare Asset Management LLC bought a new stake in shares of ProShares Ultra Consumer Discretionary in the fourth quarter worth about $2,545,000.

ProShares Ultra Consumer Discretionary Stock Performance

NYSEARCA:UCC opened at $43.68 on Friday. The company has a market cap of $9.61 million, a price-to-earnings ratio of 29.58 and a beta of 2.23. The stock’s fifty day moving average price is $46.37 and its two-hundred day moving average price is $47.00. ProShares Ultra Consumer Discretionary has a 52-week low of $39.96 and a 52-week high of $56.96.

ProShares Ultra Consumer Discretionary Company Profile

ProShares Ultra Consumer Services (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Consumer Goods Index. The Dow Jones United States Consumer Goods Index measures the performance of consumer spending in the goods industry of the United States equity market. Component companies include automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories and footwear.