ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,032 shares, a decline of 39.4% from the April 30th total of 3,354 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 1,695 shares, the short-interest ratio is presently 1.2 days.
ProShares UltraShort Consumer Staples Price Performance
NYSEARCA SZK opened at $23.03 on Friday. ProShares UltraShort Consumer Staples has a fifty-two week low of $18.40 and a fifty-two week high of $27.72. The stock’s fifty day moving average is $22.37 and its two-hundred day moving average is $22.92.
Institutional Investors Weigh In On ProShares UltraShort Consumer Staples
An institutional investor recently bought a new position in ProShares UltraShort Consumer Staples stock. Susquehanna International Group LLP acquired a new stake in ProShares UltraShort Consumer Staples (NYSEARCA:SZK – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,613 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned 21.02% of ProShares UltraShort Consumer Staples at the end of the most recent quarter.
ProShares UltraShort Consumer Staples Company Profile
ProShares UltraShort Consumer Goods (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of 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, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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