ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Short Interest Update

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 69,642 shares, a growth of 192.9% from the July 15th total of 23,775 shares. Approximately 15.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,364 shares, the short-interest ratio is presently 3.4 days.

ProShares UltraShort Consumer Discretionary Stock Up 0.4%

Shares of SCC traded up $0.06 during trading hours on Friday, reaching $14.20. The stock had a trading volume of 3,767 shares, compared to its average volume of 19,995. ProShares UltraShort Consumer Discretionary has a 12 month low of $13.12 and a 12 month high of $18.30. The company’s 50-day moving average is $14.85 and its two-hundred day moving average is $15.06.

ProShares UltraShort Consumer Discretionary Company Profile

ProShares UltraShort Consumer Services (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Consumer Services Index (the Index). The Index measures the performance of consumer spending in the services industry of the United States equity market. Component companies include airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism.