Short Interest in ProShares Ultra Consumer Staples (NYSEARCA:UGE) Drops By 62.8%

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the target of a large decline in short interest in May. As of May 31st, there was short interest totalling 3,500 shares, a decline of 62.8% from the May 15th total of 9,400 shares. Based on an average daily trading volume, of 15,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.7% of the shares of the company are sold short.

ProShares Ultra Consumer Staples Trading Down 0.3%

Shares of UGE traded down $0.06 during mid-day trading on Friday, reaching $18.87. 957 shares of the stock traded hands, compared to its average volume of 22,541. ProShares Ultra Consumer Staples has a 1 year low of $16.66 and a 1 year high of $20.97. The company has a market cap of $9.81 million, a price-to-earnings ratio of 23.21 and a beta of 1.73. The firm has a fifty day moving average price of $18.74 and a 200 day moving average price of $18.69.

ProShares Ultra Consumer Staples Company Profile

ProShares Ultra Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) 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, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.