ProShares Ultra Consumer Discretionary (NYSEARCA:UCC – Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 269 shares, a decline of 91.0% from the April 30th total of 2,987 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,257 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ProShares Ultra Consumer Discretionary during the 3rd quarter valued at about $87,000. Citadel Advisors LLC bought a new stake in shares of ProShares Ultra Consumer Discretionary during the 3rd quarter valued at about $209,000. Osaic Holdings Inc. bought a new stake in shares of ProShares Ultra Consumer Discretionary during the 2nd quarter valued at about $631,000. IMC Chicago LLC bought a new stake in shares of ProShares Ultra Consumer Discretionary during the 1st quarter valued at about $1,472,000. Finally, WealthCare Asset Management LLC bought a new stake in shares of ProShares Ultra Consumer Discretionary during the 4th quarter valued at about $2,545,000.
ProShares Ultra Consumer Discretionary Price Performance
UCC stock traded down $0.92 during mid-day trading on Friday, reaching $51.58. 9,432 shares of the company traded hands, compared to its average volume of 4,105. The company has a market capitalization of $14.44 million, a P/E ratio of 29.58 and a beta of 2.25. ProShares Ultra Consumer Discretionary has a 52-week low of $39.96 and a 52-week high of $56.96. The company has a fifty day moving average price of $47.33 and a 200-day moving average price of $49.86.
About ProShares Ultra Consumer Discretionary
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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