ProShares Ultra Consumer Staples (NYSEARCA:UGE – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 13,149 shares, a drop of 71.4% from the June 30th total of 45,912 shares. Based on an average daily trading volume, of 39,504 shares, the short-interest ratio is presently 0.3 days. Approximately 2.5% of the shares of the stock are short sold.
ProShares Ultra Consumer Staples Stock Up 3.1%
Shares of UGE traded up $0.58 on Monday, reaching $19.55. The stock had a trading volume of 7,067 shares, compared to its average volume of 63,378. ProShares Ultra Consumer Staples has a twelve month low of $15.74 and a twelve month high of $22.26. The firm has a market capitalization of $10.36 million, a PE ratio of 23.21 and a beta of 1.33. The firm has a 50-day moving average of $19.12 and a 200 day moving average of $19.24.
Institutional Trading of ProShares Ultra Consumer Staples
Several large investors have recently bought and sold shares of the company. IMC Chicago LLC acquired a new position in shares of ProShares Ultra Consumer Staples during the 1st quarter worth $601,000. Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra Consumer Staples in the 3rd quarter worth about $478,000. Finally, EverSource Wealth Advisors LLC grew its stake in ProShares Ultra Consumer Staples by 332.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock valued at $147,000 after acquiring an additional 6,100 shares during the last quarter.
About ProShares Ultra Consumer Staples
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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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