ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) Short Interest Update

ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 327,108 shares, a decrease of 79.7% from the August 15th total of 1,612,349 shares. Based on an average daily volume of 2,130,432 shares, the days-to-cover ratio is currently 0.2 days. Currently, 6.8% of the company’s shares are sold short.

ProShares Ultra SpaceX ETF Stock Performance

Shares of NYSEARCA:SPCF traded up $0.61 during trading on Friday, hitting $17.12. The stock had a trading volume of 1,285,250 shares, compared to its average volume of 3,011,798. The company has a fifty day moving average of $14.65. ProShares Ultra SpaceX ETF has a 12 month low of $8.85 and a 12 month high of $46.71.

About ProShares Ultra SpaceX ETF

SPCF, the ProShares Ultra SpaceX ETF, is a leveraged single-stock fund that seeks daily investment results, before fees and expenses, equal to 2x (200%) the daily performance of the common stock of SpaceX (SPCX). Because the fund pursues a daily objective and resets its exposure each day, it is designed as a short-term, tactical tool rather than a buy-and-hold investment: over any holding period longer than a single day, returns can differ significantly from 2x the underlying stock’s performance, and that gap tends to widen in more volatile markets.