ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) Short Interest Update

ProShares UltraShort Consumer Discretionary (NYSEARCA:SCC) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 24,146 shares, a decline of 65.3% from the July 30th total of 69,642 shares. Based on an average daily volume of 9,434 shares, the short-interest ratio is presently 2.6 days. Approximately 5.2% of the shares of the stock are short sold.

ProShares UltraShort Consumer Discretionary Trading Down 2.3%

Shares of SCC stock traded down $0.34 during trading hours on Friday, hitting $14.43. 7,839 shares of the company’s stock were exchanged, compared to its average volume of 19,089. ProShares UltraShort Consumer Discretionary has a 12-month low of $13.12 and a 12-month high of $18.30. The business’s 50 day simple moving average is $14.76 and its 200-day simple moving average is $15.09.

ProShares UltraShort Consumer Discretionary Company Profile

ProShares UltraShort Consumer Services (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Consumer Services Index (the Index). The Index measures the performance of consumer spending in the services industry of the United States equity market. Component companies include airlines, broadcasting and entertainment, apparel and broadline retailers, food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars, and travel and tourism.