ProShares Ultra Consumer Staples (NYSEARCA:UGE – Get Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 19,364 shares, a decline of 74.4% from the April 15th total of 75,638 shares. Based on an average trading volume of 80,788 shares, the short-interest ratio is presently 0.2 days. Approximately 2.9% of the shares of the stock are short sold.
Hedge Funds Weigh In On ProShares Ultra Consumer Staples
Large investors have recently modified their holdings of the company. IMC Chicago LLC bought a new stake in ProShares Ultra Consumer Staples in the 1st quarter worth approximately $601,000. Susquehanna International Group LLP bought a new position in ProShares Ultra Consumer Staples during the third quarter valued at approximately $478,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of ProShares Ultra Consumer Staples by 332.4% during the second quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock worth $147,000 after acquiring an additional 6,100 shares in the last quarter.
ProShares Ultra Consumer Staples Stock Performance
UGE traded up $0.13 during trading on Thursday, reaching $19.56. The stock had a trading volume of 9,257 shares, compared to its average volume of 65,967. The business has a 50-day moving average of $18.84 and a 200-day moving average of $18.40. ProShares Ultra Consumer Staples has a one year low of $15.74 and a one year high of $22.26. The stock has a market cap of $12.91 million, a PE ratio of 23.21 and a beta of 1.36.
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.
Recommended Stories
- Five stocks we like better than ProShares Ultra Consumer Staples
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for ProShares Ultra Consumer Staples Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Consumer Staples and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
