ProShares UltraShort Semiconductors (NYSEARCA:SSG) Sees Large Increase in Short Interest

ProShares UltraShort Semiconductors (NYSEARCA:SSG) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 49,055 shares, an increase of 90.2% from the June 30th total of 25,793 shares. Based on an average daily volume of 1,006,939 shares, the short-interest ratio is presently 0.0 days. Currently, 1.4% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares UltraShort Semiconductors

An institutional investor recently raised its stake in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP boosted its holdings in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 94.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 21,064 shares of the company’s stock after acquiring an additional 10,257 shares during the period. Susquehanna International Group LLP owned 1.24% of ProShares UltraShort Semiconductors worth $195,000 as of its most recent filing with the SEC.

ProShares UltraShort Semiconductors Stock Up 9.0%

Shares of NYSEARCA SSG opened at $16.07 on Thursday. ProShares UltraShort Semiconductors has a 1 year low of $10.91 and a 1 year high of $47.82. The firm’s 50-day moving average is $12.93 and its 200-day moving average is $20.73.

About ProShares UltraShort Semiconductors

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game. 2nd Swing operates more than 65 stores in 24 states nationwide under the names 2nd Swing and 2GOLF.