ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) Short Interest Up ∞ in June

ProShares Ultra SpaceX ETF (NYSEARCA:SPCFGet Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 774,920 shares, an increase of ∞ from the June 15th total of 0 shares. Approximately 17.1% of the shares of the stock are short sold. Based on an average trading volume of 4,204,336 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Ultra SpaceX ETF Trading Down 11.1%

NYSEARCA:SPCF traded down $1.62 during trading hours on Friday, hitting $13.02. 2,046,924 shares of the stock were exchanged, compared to its average volume of 2,837,118. ProShares Ultra SpaceX ETF has a 52-week low of $12.65 and a 52-week high of $46.71.

ProShares Ultra SpaceX ETF Company Profile

(Get Free Report)

SPCF, the ProShares Ultra SpaceX ETF, is a leveraged single-stock fund that seeks daily investment results, before fees and expenses, equal to 2x (200%) the daily performance of the common stock of SpaceX (SPCX). Because the fund pursues a daily objective and resets its exposure each day, it is designed as a short-term, tactical tool rather than a buy-and-hold investment: over any holding period longer than a single day, returns can differ significantly from 2x the underlying stock’s performance, and that gap tends to widen in more volatile markets.

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