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

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 14,369 shares, a decrease of 13.3% from the January 15th total of 16,570 shares. Approximately 10.3% of the company’s shares are short sold. Based on an average trading volume of 6,063 shares, the days-to-cover ratio is presently 2.4 days. Based on an average trading volume of 6,063 shares, the days-to-cover ratio is presently 2.4 days. Approximately 10.3% of the company’s shares are short sold.

ProShares UltraShort Consumer Discretionary Stock Up 2.1%

NYSEARCA SCC traded up $0.32 on Tuesday, hitting $15.56. 10,113 shares of the company were exchanged, compared to its average volume of 12,174. ProShares UltraShort Consumer Discretionary has a 12 month low of $13.12 and a 12 month high of $29.71. The stock has a fifty day moving average of $14.07 and a 200-day moving average of $14.84.

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.