ProShares Ultra Consumer Staples (NYSEARCA:UGE) Short Interest Update

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 3,500 shares, a drop of 62.8% from the May 15th total of 9,400 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 15,000 shares, the short-interest ratio is currently 0.2 days.

ProShares Ultra Consumer Staples Price Performance

Shares of NYSEARCA UGE traded down $0.06 during midday trading on Friday, reaching $18.87. The company’s stock had a trading volume of 957 shares, compared to its average volume of 22,541. The stock has a market capitalization of $9.81 million, a P/E ratio of 23.21 and a beta of 1.73. The firm has a 50 day moving average price of $18.74 and a 200-day moving average price of $18.69. ProShares Ultra Consumer Staples has a 12-month low of $16.66 and a 12-month high of $20.97.

ProShares Ultra Consumer Staples Company Profile

ProShares Ultra Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Consumer Goods Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.