ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Short Interest Update
by Michael Walen · The Markets DailyProShares UltraShort Consumer Discretionary (NYSEARCA:SCC – Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 17,185 shares, an increase of 131.0% from the February 26th total of 7,438 shares. Currently, 12.3% of the shares of the company are sold short. Based on an average daily volume of 34,558 shares, the days-to-cover ratio is currently 0.5 days.
ProShares UltraShort Consumer Discretionary Price Performance
Shares of NYSEARCA:SCC opened at $16.64 on Thursday. The company’s fifty day moving average is $15.09 and its two-hundred day moving average is $14.79. ProShares UltraShort Consumer Discretionary has a 1-year low of $13.12 and a 1-year high of $29.71.
ProShares UltraShort Consumer Discretionary Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.0489 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, March 25th.
About ProShares UltraShort Consumer Discretionary
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.