ProShares Ultra Consumer Staples (NYSEARCA:UGE – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 37,757 shares, an increase of 2,493.2% from the October 15th total of 1,456 shares. Based on an average daily volume of 58,914 shares, the short-interest ratio is presently 0.6 days. Currently, 7.0% of the company’s shares are sold short.
ProShares Ultra Consumer Staples Price Performance
Shares of NYSEARCA:UGE traded down $0.03 during trading on Tuesday, hitting $21.86. The company had a trading volume of 197,069 shares, compared to its average volume of 57,625. The stock has a market cap of $11.80 million, a price-to-earnings ratio of 23.21 and a beta of 1.21. ProShares Ultra Consumer Staples has a one year low of $16.14 and a one year high of $22.99. The company has a fifty day simple moving average of $19.34 and a two-hundred day simple moving average of $19.39.
Institutional Trading of ProShares Ultra Consumer Staples
A hedge fund recently raised its position in ProShares Ultra Consumer Staples stock. Envestnet Asset Management Inc. boosted its position in shares of ProShares Ultra Consumer Staples (NYSEARCA:UGE – Free Report) by 8.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,102 shares of the company’s stock after buying an additional 1,790 shares during the quarter. Envestnet Asset Management Inc. owned 4.60% of ProShares Ultra Consumer Staples worth $411,000 as of its most recent filing with the Securities & Exchange Commission.
ProShares Ultra Consumer Staples Company Profile
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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