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

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 16,570 shares, a growth of 20.0% from the December 31st total of 13,805 shares. Based on an average daily trading volume, of 6,434 shares, the days-to-cover ratio is presently 2.6 days. Approximately 11.8% of the shares of the company are short sold. Approximately 11.8% of the shares of the company are short sold. Based on an average daily trading volume, of 6,434 shares, the days-to-cover ratio is presently 2.6 days.

ProShares UltraShort Consumer Discretionary Stock Up 2.9%

ProShares UltraShort Consumer Discretionary stock traded up $0.40 during midday trading on Tuesday, hitting $14.17. 6,408 shares of the company were exchanged, compared to its average volume of 6,158. The business has a fifty day simple moving average of $14.08 and a two-hundred day simple moving average of $14.97. ProShares UltraShort Consumer Discretionary has a fifty-two week low of $13.12 and a fifty-two week high of $29.71.

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.