Short Interest in ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Drops By 91.0%

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 269 shares, a decline of 91.0% from the April 30th total of 2,987 shares. Based on an average daily volume of 3,257 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of ProShares Ultra Consumer Discretionary

Several hedge funds have recently added to or reduced their stakes in the stock. WealthCare Asset Management LLC bought a new stake in ProShares Ultra Consumer Discretionary in the fourth quarter worth about $2,545,000. IMC Chicago LLC bought a new stake in ProShares Ultra Consumer Discretionary in the first quarter worth about $1,472,000. Osaic Holdings Inc. bought a new stake in ProShares Ultra Consumer Discretionary in the second quarter worth about $631,000. Citadel Advisors LLC bought a new stake in ProShares Ultra Consumer Discretionary in the third quarter worth about $209,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in ProShares Ultra Consumer Discretionary in the third quarter worth about $87,000.

ProShares Ultra Consumer Discretionary Stock Down 1.8%

ProShares Ultra Consumer Discretionary stock traded down $0.92 during midday trading on Friday, hitting $51.58. 9,432 shares of the stock were exchanged, compared to its average volume of 4,105. ProShares Ultra Consumer Discretionary has a 52-week low of $39.96 and a 52-week high of $56.96. The stock has a market capitalization of $14.44 million, a price-to-earnings ratio of 29.58 and a beta of 2.25. The business’s 50-day moving average price is $47.33 and its 200-day moving average price is $49.86.

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.