ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) Sees Significant Increase in Short Interest

ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 2,245 shares, a growth of 54.5% from the September 15th total of 1,453 shares. Based on an average daily volume of 2,103 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.2% of the company’s shares are sold short.

ProShares Ultra Consumer Discretionary Stock Performance

Shares of NYSEARCA:UCC traded down $0.82 during midday trading on Friday, hitting $42.83. 1,968 shares of the stock were exchanged, compared to its average volume of 3,492. The stock has a market capitalization of $8.14 million, a price-to-earnings ratio of 29.58 and a beta of 2.27. The business’s 50-day moving average price is $44.43 and its 200 day moving average price is $46.34. ProShares Ultra Consumer Discretionary has a 12 month low of $39.96 and a 12 month high of $56.96.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ProShares Ultra Consumer Discretionary stock. IMC Chicago LLC bought a new position in shares of ProShares Ultra Consumer Discretionary (NYSEARCA:UCC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 34,672 shares of the company’s stock, valued at approximately $1,472,000. IMC Chicago LLC owned 12.38% of ProShares Ultra Consumer Discretionary at the end of the most recent reporting period.

ProShares Ultra Consumer Discretionary Company Profile

ProShares Ultra Consumer Services (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Consumer Goods Index. The Dow Jones United States Consumer Goods Index measures the performance of consumer spending in the goods industry of the United States equity market. Component companies include automobiles and auto parts and tires, brewers and distillers, farming and fishing, durable and non-durable household product manufacturers, cosmetic companies, food and tobacco products, clothing accessories and footwear.