ProShares UltraShort Semiconductors (NYSEARCA:SSG) Sees Significant Decrease in Short Interest

ProShares UltraShort Semiconductors (NYSEARCA:SSG) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 19,898 shares, a decrease of 42.7% from the May 14th total of 34,742 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 735,234 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On ProShares UltraShort Semiconductors

A hedge fund recently raised its stake in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP raised its position in ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 94.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,064 shares of the company’s stock after purchasing an additional 10,257 shares during the quarter. Susquehanna International Group LLP owned 1.24% of ProShares UltraShort Semiconductors worth $195,000 at the end of the most recent quarter.

ProShares UltraShort Semiconductors Stock Down 9.4%

Shares of NYSEARCA:SSG traded down $1.21 on Monday, hitting $11.69. The company had a trading volume of 936,831 shares, compared to its average volume of 398,991. ProShares UltraShort Semiconductors has a 52-week low of $11.44 and a 52-week high of $64.12. The business has a 50 day moving average of $16.81 and a 200 day moving average of $24.85.

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.