ProShares Ultra Consumer Staples (NYSEARCA:UGE) Short Interest Update

ProShares Ultra Consumer Staples (NYSEARCA:UGE) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 19,364 shares, a decline of 74.4% from the April 15th total of 75,638 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 80,788 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IMC Chicago LLC purchased a new position in ProShares Ultra Consumer Staples in the first quarter valued at $601,000. Susquehanna International Group LLP purchased a new position in ProShares Ultra Consumer Staples in the third quarter valued at $478,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in ProShares Ultra Consumer Staples by 332.4% in the second quarter. EverSource Wealth Advisors LLC now owns 7,935 shares of the company’s stock valued at $147,000 after purchasing an additional 6,100 shares during the period.

ProShares Ultra Consumer Staples Stock Up 0.5%

UGE stock traded up $0.09 during midday trading on Wednesday, hitting $19.43. The company’s stock had a trading volume of 7,641 shares, compared to its average volume of 66,591. ProShares Ultra Consumer Staples has a 52-week low of $15.74 and a 52-week high of $22.26. The firm has a market capitalization of $12.82 million, a P/E ratio of 23.21 and a beta of 1.36. The firm has a 50-day simple moving average of $18.91 and a 200-day simple moving average of $18.37.

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.