Short Interest in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Rises By 537.6%

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,103 shares, an increase of 537.6% from the August 15th total of 173 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 1,042 shares, the days-to-cover ratio is presently 1.1 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 acquired a new stake in shares of ProShares UltraShort Consumer Staples (NYSEARCA:SZK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned approximately 21.02% of ProShares UltraShort Consumer Staples at the end of the most recent quarter.

ProShares UltraShort Consumer Staples Stock Performance

Shares of NYSEARCA:SZK traded down $0.13 during midday trading on Friday, reaching $22.00. 353 shares of the company traded hands, compared to its average volume of 4,040. The firm’s fifty day moving average price is $21.10 and its two-hundred day moving average price is $21.65. ProShares UltraShort Consumer Staples has a 12 month low of $18.40 and a 12 month high of $27.72.

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.