ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) Short Interest Up ∞ in June

ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 774,920 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 4,204,336 shares, the days-to-cover ratio is currently 0.2 days. Approximately 17.1% of the shares of the stock are sold short.

ProShares Ultra SpaceX ETF Stock Performance

Shares of SPCF opened at $13.02 on Friday. ProShares Ultra SpaceX ETF has a 12-month low of $12.65 and a 12-month high of $46.71.

About ProShares Ultra SpaceX ETF

SPCF, the ProShares Ultra SpaceX ETF, is a leveraged single-stock fund that seeks daily investment results, before fees and expenses, equal to 2x (200%) the daily performance of the common stock of SpaceX (SPCX). Because the fund pursues a daily objective and resets its exposure each day, it is designed as a short-term, tactical tool rather than a buy-and-hold investment: over any holding period longer than a single day, returns can differ significantly from 2x the underlying stock’s performance, and that gap tends to widen in more volatile markets.