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

by · The Cerbat Gem

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC – Get Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 269 shares, a drop of 91.0% from the April 30th total of 2,987 shares. Based on an average daily trading volume, of 3,257 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

ProShares Ultra Consumer Discretionary Trading Up 0.7%

Shares of UCC traded up $0.37 during midday trading on Thursday, hitting $52.40. The stock had a trading volume of 196 shares, compared to its average volume of 4,049. ProShares Ultra Consumer Discretionary has a fifty-two week low of $39.96 and a fifty-two week high of $56.96. The business has a 50-day simple moving average of $47.04 and a two-hundred day simple moving average of $49.84. The firm has a market cap of $14.67 million, a P/E ratio of 29.58 and a beta of 2.25.

Institutional Trading of ProShares Ultra Consumer Discretionary

Several institutional investors have recently made changes to their positions in UCC. WealthCare Asset Management LLC acquired a new stake in shares of ProShares Ultra Consumer Discretionary during the fourth quarter worth approximately $2,545,000. IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Consumer Discretionary during the first quarter worth $1,472,000. Osaic Holdings Inc. purchased a new stake in shares of ProShares Ultra Consumer Discretionary during the second quarter worth $631,000. Citadel Advisors LLC purchased a new stake in shares of ProShares Ultra Consumer Discretionary during the third quarter worth $209,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of ProShares Ultra Consumer Discretionary during the third quarter worth $87,000.

ProShares Ultra Consumer Discretionary Company Profile

(Get Free Report)

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.

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