ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Short Interest Down 25.3% in May

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) saw a large decrease in short interest in May. As of May 31st, there was short interest totalling 6,500 shares, a decrease of 25.3% from the May 15th total of 8,700 shares. Based on an average trading volume of 72,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.3% of the shares of the company are short sold.

ProShares UltraShort Consumer Discretionary Stock Performance

Shares of ProShares UltraShort Consumer Discretionary stock opened at $19.24 on Thursday. The stock’s 50-day simple moving average is $20.54 and its 200-day simple moving average is $20.09. ProShares UltraShort Consumer Discretionary has a 52 week low of $16.63 and a 52 week high of $34.70.

Institutional Trading of ProShares UltraShort Consumer Discretionary

An institutional investor recently bought a new position in ProShares UltraShort Consumer Discretionary stock. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 86,805 shares of the exchange traded fund’s stock, valued at approximately $1,023,000. Thomas J. Herzfeld Advisors Inc. owned about 17.84% of ProShares UltraShort Consumer Discretionary at the end of the most recent reporting period.

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.