ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Sees Significant Drop in Short Interest

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 573 shares, a decline of 65.1% from the May 31st total of 1,640 shares. Based on an average daily trading volume, of 4,675 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ProShares Ultra Consumer Discretionary during the 3rd quarter worth $87,000. Citadel Advisors LLC bought a new position in ProShares Ultra Consumer Discretionary during the third quarter valued at about $209,000. Osaic Holdings Inc. purchased a new stake in ProShares Ultra Consumer Discretionary during the second quarter worth about $631,000. IMC Chicago LLC purchased a new stake in ProShares Ultra Consumer Discretionary during the first quarter worth about $1,472,000. Finally, WealthCare Asset Management LLC bought a new stake in ProShares Ultra Consumer Discretionary in the fourth quarter worth about $2,545,000.

ProShares Ultra Consumer Discretionary Trading Up 2.0%

Shares of UCC stock traded up $0.88 during trading on Friday, hitting $45.66. The company’s stock had a trading volume of 3,572 shares, compared to its average volume of 4,065. The company has a market cap of $12.78 million, a PE ratio of 29.58 and a beta of 2.22. The business has a fifty day moving average of $48.83 and a 200-day moving average of $49.46. ProShares Ultra Consumer Discretionary has a 52 week low of $39.96 and a 52 week high of $56.96.

ProShares Ultra Consumer Discretionary Company Profile

ProShares Ultra Consumer Services (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Consumer Goods Index. The Dow Jones United States Consumer Goods Index measures the performance of consumer spending in the goods industry of the United States equity market. Component companies include automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories and footwear.