ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Short Interest Up 326.3% in January

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,035 shares, an increase of 326.3% from the December 31st total of 712 shares. Based on an average trading volume of 6,174 shares, the days-to-cover ratio is presently 0.5 days. Currently, 5.1% of the shares of the stock are sold short. Currently, 5.1% of the shares of the stock are sold short. Based on an average trading volume of 6,174 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On ProShares UltraShort Consumer Staples

An institutional investor recently bought a new position in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP purchased a new position in shares of ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned about 21.02% of ProShares UltraShort Consumer Staples as of its most recent SEC filing.

ProShares UltraShort Consumer Staples Stock Performance

NYSEARCA:SZK traded down $0.36 on Friday, reaching $11.17. The stock had a trading volume of 6,383 shares, compared to its average volume of 5,109. The company has a 50-day moving average of $12.37 and a 200 day moving average of $12.39. ProShares UltraShort Consumer Staples has a 12-month low of $11.14 and a 12-month high of $13.91.

About ProShares UltraShort Consumer Staples

ProShares UltraShort Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.