Short Interest in ProShares UltraShort Semiconductors (NYSEARCA:SSG) Grows By 277.9%

ProShares UltraShort Semiconductors (NYSEARCA:SSG) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 79,943 shares, an increase of 277.9% from the July 30th total of 21,152 shares. Based on an average daily trading volume, of 558,723 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.5% of the company’s shares are short sold.

ProShares UltraShort Semiconductors Stock Performance

Shares of NYSEARCA:SSG opened at $13.04 on Thursday. ProShares UltraShort Semiconductors has a 52 week low of $10.91 and a 52 week high of $47.53. The firm has a 50 day simple moving average of $12.60 and a 200 day simple moving average of $18.47.

Institutional Trading of ProShares UltraShort Semiconductors

An institutional investor recently raised its position in ProShares UltraShort Semiconductors stock. Susquehanna International Group LLP lifted its holdings in ProShares UltraShort Semiconductors (NYSEARCA:SSG) by 94.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,064 shares of the company’s stock after buying an additional 10,257 shares during the period. Susquehanna International Group LLP owned about 1.24% of ProShares UltraShort Semiconductors worth $195,000 as of its most recent SEC filing.

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.