ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Sees Significant Decrease in Short Interest

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 2,339 shares, a decline of 62.0% from the November 30th total of 6,148 shares. Based on an average daily volume of 4,385 shares, the days-to-cover ratio is currently 0.5 days. Currently, 3.9% of the company’s shares are sold short. Currently, 3.9% of the company’s shares are sold short. Based on an average daily volume of 4,385 shares, the days-to-cover ratio is currently 0.5 days.

ProShares UltraShort Consumer Staples Stock Up 0.2%

NYSEARCA SZK traded up $0.02 on Friday, reaching $12.65. The company had a trading volume of 480 shares, compared to its average volume of 4,529. The firm has a 50-day moving average of $12.88 and a 200-day moving average of $12.37. ProShares UltraShort Consumer Staples has a 1 year low of $11.22 and a 1 year high of $13.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Mutual Advisors LLC purchased a new position in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,482 shares of the company’s stock, valued at approximately $190,000. Mutual Advisors LLC owned 25.80% of ProShares UltraShort Consumer Staples at the end of the most recent quarter.

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.