ProShares UltraShort Consumer Staples (NYSEARCA:SZK) Sees Large Decline in Short Interest

ProShares UltraShort Consumer Staples (NYSEARCA:SZK) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,032 shares, a decrease of 39.4% from the April 30th total of 3,354 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,695 shares, the short-interest ratio is presently 1.2 days.

ProShares UltraShort Consumer Staples Stock Up 0.4%

Shares of NYSEARCA:SZK traded up $0.10 during mid-day trading on Wednesday, reaching $23.20. 1,837 shares of the stock were exchanged, compared to its average volume of 5,589. The stock’s 50 day simple moving average is $22.39 and its 200-day simple moving average is $22.98. ProShares UltraShort Consumer Staples has a one year low of $18.40 and a one year high of $27.72.

Institutional Trading of ProShares UltraShort Consumer Staples

A hedge fund recently bought a new stake in ProShares UltraShort Consumer Staples stock. Mutual Advisors LLC acquired a new position in ProShares UltraShort Consumer Staples (NYSEARCA:SZK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,482 shares of the company’s stock, valued at approximately $190,000. Mutual Advisors LLC owned approximately 25.80% of ProShares UltraShort Consumer Staples as of its most recent SEC filing.

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.