ProShares Ultra Consumer Discretionary (NYSEARCA:UCC – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,640 shares, an increase of 509.7% from the May 14th total of 269 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 3,412 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On ProShares Ultra Consumer Discretionary
A number of institutional investors and hedge funds have recently modified their holdings of UCC. Northwestern Mutual Wealth Management Co. purchased a new position in shares of ProShares Ultra Consumer Discretionary during the third quarter worth about $87,000. Citadel Advisors LLC acquired a new stake in ProShares Ultra Consumer Discretionary in the third quarter valued at about $209,000. Osaic Holdings Inc. purchased a new position in shares of ProShares Ultra Consumer Discretionary during the 2nd quarter worth approximately $631,000. IMC Chicago LLC purchased a new position in shares of ProShares Ultra Consumer Discretionary during the 1st quarter worth approximately $1,472,000. Finally, WealthCare Asset Management LLC purchased a new position in shares of ProShares Ultra Consumer Discretionary during the 4th quarter worth approximately $2,545,000.
ProShares Ultra Consumer Discretionary Trading Up 0.3%
NYSEARCA:UCC traded up $0.12 during midday trading on Friday, reaching $47.44. The company had a trading volume of 1,133 shares, compared to its average volume of 4,169. The firm has a market capitalization of $13.28 million, a price-to-earnings ratio of 29.58 and a beta of 2.22. The stock’s fifty day simple moving average is $48.25 and its 200-day simple moving average is $49.77. ProShares Ultra Consumer Discretionary has a 12-month low of $39.96 and a 12-month high of $56.96.
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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