Short Interest in ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) Declines By 62.0%

ProShares Ultra SpaceX ETF (NYSEARCA:SPCF – Get Free Report) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 294,480 shares, a decrease of 62.0% from the June 30th total of 774,920 shares. Based on an average daily trading volume, of 1,709,593 shares, the days-to-cover ratio is currently 0.2 days. Approximately 6.2% of the shares of the company are short sold.

ProShares Ultra SpaceX ETF Price Performance

SPCF opened at $11.11 on Monday. ProShares Ultra SpaceX ETF has a 12-month low of $10.32 and a 12-month high of $46.71.

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About ProShares Ultra SpaceX ETF

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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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