ProShares Ultra Consumer Staples (NYSEARCA:UGE) Sees Large Growth in Short Interest

ProShares Ultra Consumer Staples (NYSEARCA:UGE) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 12,684 shares, an increase of 641.3% from the December 15th total of 1,711 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily volume of 22,740 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 22,740 shares, the short-interest ratio is presently 0.6 days. Approximately 2.5% of the shares of the company are short sold.

ProShares Ultra Consumer Staples Trading Up 2.4%

NYSEARCA UGE opened at $17.77 on Tuesday. The company has a fifty day simple moving average of $16.82 and a two-hundred day simple moving average of $17.59. The stock has a market cap of $9.06 million, a P/E ratio of 23.21 and a beta of 1.56. ProShares Ultra Consumer Staples has a 12-month low of $15.74 and a 12-month high of $20.49.

Institutional Trading of ProShares Ultra Consumer Staples

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new position in shares of ProShares Ultra Consumer Staples in the second quarter worth about $388,000. Susquehanna International Group LLP purchased a new position in ProShares Ultra Consumer Staples during the 3rd quarter worth approximately $478,000. Finally, EverSource Wealth Advisors LLC lifted its stake in ProShares Ultra Consumer Staples by 332.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock valued at $147,000 after acquiring an additional 6,100 shares during the period.

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.