ProShares UltraShort Semiconductors (NYSEARCA:SSG) Shares Shorted: Short Interest Down 50.3% in September

ProShares UltraShort Semiconductors (NYSEARCA:SSG) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 50,435 shares, a decrease of 50.3% from the August 31st total of 101,385 shares. Based on an average daily volume of 352,050 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.5% of the company’s shares are sold short.

ProShares UltraShort Semiconductors Price Performance

Shares of SSG stock traded down $0.20 during mid-day trading on Thursday, hitting $10.25. 1,154,896 shares of the company’s stock were exchanged, compared to its average volume of 526,500. ProShares UltraShort Semiconductors has a fifty-two week low of $10.14 and a fifty-two week high of $38.11. The stock has a 50-day simple moving average of $12.19 and a two-hundred day simple moving average of $15.71.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ProShares UltraShort Semiconductors stock. Quantinno Capital Management LP bought a new stake in ProShares UltraShort Semiconductors (NYSEARCA:SSG) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,000 shares of the company’s stock, valued at approximately $510,000. Quantinno Capital Management LP owned 0.96% of ProShares UltraShort Semiconductors as of its most recent filing with the Securities & Exchange Commission.

ProShares UltraShort Semiconductors Company Profile

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game. 2nd Swing operates more than 65 stores in 24 states nationwide under the names 2nd Swing and 2GOLF.